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Analysts Offer Insights on Technology Companies: ServiceNow (NOW), Nvidia (NVDA) and UiPath (PATH)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on ServiceNow (NOWResearch Report), Nvidia (NVDAResearch Report) and UiPath (PATHResearch Report).

ServiceNow (NOW)

In a report released today, Brad Reback from Stifel Nicolaus maintained a Buy rating on ServiceNow, with a price target of $820.00. The company’s shares closed last Tuesday at $756.94, close to its 52-week high of $815.32.

According to TipRanks.com, Reback is a 5-star analyst with an average return of 14.0% and a 58.0% success rate. Reback covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, ZeroFox Holdings, and Tenable Holdings.

Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $851.26.

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Nvidia (NVDA)

Benchmark Co. analyst Cody Acree reiterated a Buy rating on Nvidia today and set a price target of $1000.00. The company’s shares closed last Tuesday at $893.98, close to its 52-week high of $974.00.

According to TipRanks.com, Acree is a 5-star analyst with an average return of 22.7% and a 67.2% success rate. Acree covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Silicon Laboratories, and indie Semiconductor.

Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $956.00, a 10.3% upside from current levels. In a report issued on March 6, CICC also initiated coverage with a Buy rating on the stock with a $870.00 price target.

UiPath (PATH)

Scotiabank analyst Nick Altmann maintained a Hold rating on UiPath today and set a price target of $30.00. The company’s shares closed last Tuesday at $23.13.

According to TipRanks.com, Altmann is a 3-star analyst with an average return of 6.8% and a 60.4% success rate. Altmann covers the Technology sector, focusing on stocks such as Procore Technologies, Freshworks, and Atlassian.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for UiPath with a $27.53 average price target, implying a 22.1% upside from current levels. In a report issued on March 13, RBC Capital also maintained a Hold rating on the stock with a $29.00 price target.

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