There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Salesforce (CRM – Research Report) and Gitlab (GTLB – Research Report) with bullish sentiments.
Salesforce (CRM)
Needham analyst Scott Berg maintained a Buy rating on Salesforce today and set a price target of $345.00. The company’s shares closed last Friday at $294.32.
According to TipRanks.com, Berg has 0 stars on 0-5 stars ranking scale with an average return of
Salesforce has an analyst consensus of Moderate Buy, with a price target consensus of $338.06, a 13.9% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $342.00 price target.
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Gitlab (GTLB)
In a report released today, Koji Ikeda from Bank of America Securities maintained a Buy rating on Gitlab, with a price target of $85.00. The company’s shares closed last Friday at $57.07.
According to TipRanks.com, Ikeda is a 5-star analyst with an average return of
Currently, the analyst consensus on Gitlab is a Strong Buy with an average price target of $73.00, representing a 21.9% upside. In a report issued on April 9, Wells Fargo also initiated coverage with a Buy rating on the stock with a $70.00 price target.
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