There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Block (SQ – Research Report), Gitlab (GTLB – Research Report) and The Descartes Systems Group (DSGX – Research Report) with bullish sentiments.
Block (SQ)
In a report released today, Andrew Bauch from Wells Fargo maintained a Buy rating on Block, with a price target of $95.00. The company’s shares closed last Monday at $77.00, close to its 52-week high of $83.29.
According to TipRanks.com, Bauch is a 1-star analyst with an average return of
Block has an analyst consensus of Strong Buy, with a price target consensus of $90.96, a 14.5% upside from current levels. In a report issued on February 23, Wolfe Research also maintained a Buy rating on the stock with a $95.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Gitlab (GTLB)
In a report released today, Nick Altmann from Scotiabank maintained a Buy rating on Gitlab, with a price target of $75.00. The company’s shares closed last Monday at $74.47, close to its 52-week high of $78.53.
According to TipRanks.com, Altmann is a 4-star analyst with an average return of
Gitlab has an analyst consensus of Strong Buy, with a price target consensus of $74.85, implying a -0.1% downside from current levels. In a report issued on February 20, Truist Financial also maintained a Buy rating on the stock with a $80.00 price target.
The Descartes Systems Group (DSGX)
Scotiabank analyst Kevin Krishnaratne maintained a Buy rating on The Descartes Systems Group today and set a price target of $95.00. The company’s shares closed last Monday at $90.52, close to its 52-week high of $92.86.
According to TipRanks.com, Krishnaratne is a 4-star analyst with an average return of
The Descartes Systems Group has an analyst consensus of Moderate Buy, with a price target consensus of $88.36, which is a -0.3% downside from current levels. In a report issued on February 29, RBC Capital also maintained a Buy rating on the stock with a $100.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on SQ:
- Block downgraded to Accumulate from Buy at Phillip Securities
- Block price target raised to $95 from $85 at Macquarie
- Klarna may seek $20B valuation in IPO that could come in Q3, Bloomberg says
- PayPal Stock (NASDAQ:PYPL): Deep Value Hiding in Plain Sight
- Shares of Coinbase are up over 15% amid approaching bitcoin halving
