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Analysts Have Conflicting Sentiments on These Technology Companies: Sportradar Group AG (SRAD), Synopsys (SNPS) and DigitalOcean Holdings (DOCN)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Sportradar Group AG (SRADResearch Report), Synopsys (SNPSResearch Report) and DigitalOcean Holdings (DOCNResearch Report).

Sportradar Group AG (SRAD)

In a report released today, Jordan Bender from JMP Securities maintained a Hold rating on Sportradar Group AG. The company’s shares closed last Wednesday at $11.23.

According to TipRanks.com, Bender is a 4-star analyst with an average return of 8.4% and a 51.8% success rate. Bender covers the NA sector, focusing on stocks such as Rush Street Interactive, Inspired Entertainment, and Caesars Entertainment.

Currently, the analyst consensus on Sportradar Group AG is a Moderate Buy with an average price target of $13.80, implying a 20.3% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a $10.00 price target.

See the top stocks recommended by analysts >>

Synopsys (SNPS)

KeyBanc analyst Jason Celino maintained a Buy rating on Synopsys today and set a price target of $675.00. The company’s shares closed last Wednesday at $589.78, close to its 52-week high of $629.38.

According to TipRanks.com, Celino is a 5-star analyst with an average return of 10.4% and a 61.0% success rate. Celino covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., Procore Technologies, and Instructure Holdings.

Synopsys has an analyst consensus of Strong Buy, with a price target consensus of $630.00, a 6.3% upside from current levels. In a report issued on March 11, Wells Fargo also maintained a Buy rating on the stock with a $630.00 price target.

DigitalOcean Holdings (DOCN)

JMP Securities analyst Patrick Walravens maintained a Buy rating on DigitalOcean Holdings today and set a price target of $47.00. The company’s shares closed last Wednesday at $39.27.

According to TipRanks.com, Walravens has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.5% and a 38.1% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Alkami Technology.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DigitalOcean Holdings with a $38.56 average price target, implying a -1.4% downside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $46.00 price target.

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