There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Adobe (ADBE – Research Report) and Gitlab (GTLB – Research Report) with bullish sentiments.
Adobe (ADBE)
In a report issued on September 5, Matthew Swanson from RBC Capital maintained a Buy rating on Adobe, with a price target of $500.00. The company’s shares closed last Wednesday at $379.72, close to its 52-week low of $338.00.
According to TipRanks.com, Swanson has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Adobe has an analyst consensus of Strong Buy, with a price target consensus of $457.48, a 24.2% upside from current levels. In a report issued on September 5, Jefferies also maintained a Buy rating on the stock with a $475.00 price target.
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Gitlab (GTLB)
In a report issued on September 6, Matthew Hedberg from RBC Capital maintained a Buy rating on Gitlab, with a price target of $75.00. The company’s shares closed last Wednesday at $54.16.
According to TipRanks.com, Hedberg is ranked 0 out of 5 stars with an average return of
Gitlab has an analyst consensus of Strong Buy, with a price target consensus of $67.63, a 41.0% upside from current levels. In a report released yesterday, Needham also initiated coverage with a Buy rating on the stock with a $60.00 price target.
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Read More on ADBE:
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