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Analysts’ Top Technology Picks: Stoneco (STNE), JFrog (FROG)

Tipranks - Tipranks - Wed Apr 15, 8:38PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Stoneco (STNE) and JFrog (FROG) with bullish sentiments.

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Stoneco (STNE)

In a report released yesterday, Andrew Harte from BTIG maintained a Buy rating on Stoneco, with a price target of $22.00. The company’s shares closed last Tuesday at $14.61.

According to TipRanks.com, Harte has 0 stars on 0-5 stars ranking scale with an average return of -5.2% and a 24.8% success rate. Harte covers the Technology sector, focusing on stocks such as Exodus Movement, Inc. Class A, Bill.com Holdings, and Shift4 Payments. ;'>

Currently, the analyst consensus on Stoneco is a Moderate Buy with an average price target of $19.17.

See the top stocks recommended by analysts >>

JFrog (FROG)

TD Cowen analyst Andrew Sherman assigned a Buy rating to JFrog yesterday and set a price target of $70.00. The company’s shares closed last Tuesday at $44.36, close to its 52-week high of $45.94.

According to TipRanks.com, Sherman is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.8% and a 29.0% success rate. Sherman covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Procore Technologies, and Tyler Technologies. ;'>

JFrog has an analyst consensus of Strong Buy, with a price target consensus of $67.93, representing a 50.7% upside. In a report issued on April 2, TipRanks – PerPlexity also upgraded the stock to Buy with a $52.00 price target.

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