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Analysts’ Top Technology Picks: Credo Technology Group Holding Ltd (CRDO), Gloo Holdings, Inc. Class A (GLOO)

Tipranks - Tue Mar 3, 9:58PM CST

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Credo Technology Group Holding Ltd (CRDOResearch Report), Gloo Holdings, Inc. Class A (GLOOResearch Report) and Par Technology (PARResearch Report) with bullish sentiments.

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Credo Technology Group Holding Ltd (CRDO)

In a report released yesterday, Sean O’Loughlin from TD Cowen reiterated a Buy rating on Credo Technology Group Holding Ltd, with a price target of $240.00. The company’s shares closed last Monday at $114.22.

According to TipRanks.com, O’Loughlin is a 3-star analyst with an average return of 14.2% and a 55.6% success rate. O’Loughlin covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Astera Labs, Inc., and Semtech. ;'>

Currently, the analyst consensus on Credo Technology Group Holding Ltd is a Strong Buy with an average price target of $200.25, implying an 85.3% upside from current levels. In a report issued on February 19, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $112.27 price target.

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Gloo Holdings, Inc. Class A (GLOO)

In a report released yesterday, Richard Baldry from Roth MKM reiterated a Buy rating on Gloo Holdings, Inc. Class A, with a price target of $17.00. The company’s shares closed last Monday at $6.28.

According to TipRanks.com, Baldry is a 5-star analyst with an average return of 13.2% and a 55.2% success rate. Baldry covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Research Solutions, and Rimini Street. ;'>

Currently, the analyst consensus on Gloo Holdings, Inc. Class A is a Strong Buy with an average price target of $13.40.

Par Technology (PAR)

BTIG analyst Andrew Harte maintained a Buy rating on Par Technology today and set a price target of $45.00. The company’s shares closed last Monday at $16.97.

According to TipRanks.com, Harte is a 1-star analyst with an average return of -2.3% and a 26.8% success rate. Harte covers the Technology sector, focusing on stocks such as Exodus Movement, Inc. Class A, Bill.com Holdings, and Shift4 Payments. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Par Technology with a $37.83 average price target, representing a 140.0% upside. In a report issued on February 23, Lake Street also maintained a Buy rating on the stock with a $48.00 price target.

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