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 First Solar (FSLR), Gitlab (GTLB) and Snowflake (SNOW) with bullish sentiments.

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First Solar (FSLR)

RBC Capital analyst Chris Dendrinos maintained a Buy rating on First Solar on April 10 and set a price target of $236.00. The company’s shares closed last Friday at $203.47.

According to TipRanks.com, Dendrinos is a 5-star analyst with an average return of 50.1% and a 53.2% success rate. Dendrinos covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Array Technologies. ;'>

Currently, the analyst consensus on First Solar is a Moderate Buy with an average price target of $242.99, implying a 22.6% upside from current levels. In a report issued on April 9, Susquehanna also maintained a Buy rating on the stock with a $250.00 price target.

See the top stocks recommended by analysts >>

Gitlab (GTLB)

Needham analyst Mike Cikos maintained a Buy rating on Gitlab today and set a price target of $32.00. The company’s shares closed last Friday at $19.42.

According to TipRanks.com, Cikos is a 4-star analyst with an average return of 5.2% and a 44.8% success rate. Cikos covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Gitlab has an analyst consensus of Moderate Buy, with a price target consensus of $34.26, implying a 75.2% upside from current levels. In a report issued on April 7, Bernstein also maintained a Buy rating on the stock with a $60.00 price target.

Snowflake (SNOW)

In a report released today, Rob Owens from Piper Sandler maintained a Buy rating on Snowflake, with a price target of $230.00. The company’s shares closed last Friday at $121.11, close to its 52-week low of $107.13.

According to TipRanks.com, Owens is a 5-star analyst with an average return of 16.1% and a 58.5% success rate. Owens covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Tenable Holdings. ;'>

Snowflake has an analyst consensus of Strong Buy, with a price target consensus of $235.00, representing a 77.4% upside. In a report issued on March 31, RBC Capital also maintained a Buy rating on the stock with a $245.00 price target.

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Disclaimer & DisclosureReport an Issue

• First Solar price target lowered to $250 from $280 at Susquehanna
• First Solar price target lowered to $187 from $205 at Jefferies
• Unusually active option classes on open April 6th
• First Solar put volume heavy and directionally bearish
• Unusually active option classes on open March 30th