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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Fri Apr 17, 6:46AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on JFrog (FROG), Microsoft (MSFT) and HubSpot (HUBS) with bullish sentiments.

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JFrog (FROG)

In a report released yesterday, Sanjit Singh from Morgan Stanley maintained a Buy rating on JFrog, with a price target of $70.00. The company’s shares closed last Wednesday at $42.87, close to its 52-week high of $45.94.

According to TipRanks.com, Singh is a 1-star analyst with an average return of -0.5% and a 44.9% success rate. Singh covers the Technology sector, focusing on stocks such as Palantir Technologies, Snowflake, and Dynatrace. ;'>

JFrog has an analyst consensus of Strong Buy, with a price target consensus of $67.93, which is a 61.2% upside from current levels. In a report issued on April 7, Bank of America Securities also maintained a Buy rating on the stock.

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Microsoft (MSFT)

In a report released yesterday, Keith Weiss from Morgan Stanley maintained a Buy rating on Microsoft, with a price target of $650.00. The company’s shares closed last Wednesday at $411.22.

According to TipRanks.com, Weiss is a 5-star analyst with an average return of 8.0% and a 58.1% success rate. Weiss covers the Technology sector, focusing on stocks such as Cloudflare, ServiceNow, and Salesforce. ;'>

Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $571.29, a 43.5% upside from current levels. In a report issued on April 13, Bernstein also maintained a Buy rating on the stock with a $641.00 price target.

HubSpot (HUBS)

In a report released yesterday, Rishi Jaluria from RBC Capital maintained a Buy rating on HubSpot, with a price target of $400.00. The company’s shares closed last Wednesday at $218.62.

According to TipRanks.com, Jaluria has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.4% and a 47.4% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Palantir Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for HubSpot with a $340.33 average price target, implying a 60.3% upside from current levels. In a report issued on April 2, Barclays also assigned a Buy rating to the stock with a $300.00 price target.

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