Wall Street Analysts Are Bullish on Top Technology Picks

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on DigitalOcean Holdings (DOCN), Cisco Systems (CSCO) and Salesforce (CRM) with bullish sentiments.

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DigitalOcean Holdings (DOCN)

Cantor Fitzgerald analyst Thomas Blakey reiterated a Buy rating on DigitalOcean Holdings yesterday and set a price target of $102.00. The company’s shares closed last Thursday at $87.17.

According to TipRanks.com, Blakey is a 1-star analyst with an average return of -0.9% and a 43.6% success rate. Blakey covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Zoom Video Communications, and Palantir Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DigitalOcean Holdings with a $84.00 average price target, which is a -7.0% downside from current levels. In a report issued on March 25, Citi also maintained a Buy rating on the stock with a $75.00 price target.

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Cisco Systems (CSCO)

In a report released today, Meta Marshall from Morgan Stanley maintained a Buy rating on Cisco Systems, with a price target of $91.00. The company’s shares closed last Thursday at $83.17.

According to TipRanks.com, Marshall is a 3-star analyst with an average return of 2.6% and a 51.2% success rate. Marshall covers the Technology sector, focusing on stocks such as Keysight Technologies, CrowdStrike Holdings, and Motorola Solutions. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cisco Systems with a $92.00 average price target.

Salesforce (CRM)

In a report released today, Terry Tillman from Truist Financial reiterated a Buy rating on Salesforce. The company’s shares closed last Thursday at $170.85.

According to TipRanks.com, Tillman has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -8.5% and a 35.4% success rate. Tillman covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Zeta Global Holdings Corp, and Klaviyo, Inc. Class A. ;'>

Currently, the analyst consensus on Salesforce is a Moderate Buy with an average price target of $264.94, which is a 53.0% upside from current levels. In a report issued on March 29, Cantor Fitzgerald also maintained a Buy rating on the stock with a $300.00 price target.

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Disclaimer & DisclosureReport an Issue

• DigitalOcean price target raised to $107 from $103 at BofA
• DigitalOcean’s Evolution to an Agentic Cloud Platform Drives Sustained Growth and Higher Monetization
• DigitalOcean price target raised to $98 from $67 at Piper Sandler
• Casey’s General Stores to Join S&P 500 – What It Means for Shareholders
• DigitalOcean to replace Casey’s General Stores in S&P 400 at open on 4/9