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Analysts Conflicted on These Technology Names: Gitlab (GTLB), Ichor Holdings (ICHR) and Backblaze (BLZE)

Tipranks - Wed May 6, 6:04AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Gitlab (GTLB), Ichor Holdings (ICHR) and Backblaze (BLZE).

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Gitlab (GTLB)

In a report released today, Sanjit Singh from Morgan Stanley maintained a Hold rating on Gitlab, with a price target of $29.00. The company’s shares closed last Monday at $24.59.

According to TipRanks.com, Singh is a 2-star analyst with an average return of 0.9% and a 48.6% success rate. Singh covers the Technology sector, focusing on stocks such as Palantir Technologies, Dynatrace, and Snowflake. ;'>

Gitlab has an analyst consensus of Hold, with a price target consensus of $31.16, a 31.5% upside from current levels. In a report issued on April 20, RBC Capital also downgraded the stock to Hold with a $25.00 price target.

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Ichor Holdings (ICHR)

Needham analyst Charles Shi maintained a Buy rating on Ichor Holdings today and set a price target of $72.00. The company’s shares closed last Monday at $69.72.

According to TipRanks.com, Shi is a 5-star analyst with an average return of 38.0% and a 61.3% success rate. Shi covers the Technology sector, focusing on stocks such as Axcelis Technologies, Ultra Clean Holdings, and ARM Holdings PLC ADR. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ichor Holdings with a $64.71 average price target, implying a -5.0% downside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to Buy with a $71.00 price target.

Backblaze (BLZE)

In a report released today, Mike Cikos from Needham maintained a Buy rating on Backblaze, with a price target of $8.50. The company’s shares closed last Monday at $4.64.

According to TipRanks.com, Cikos is a 4-star analyst with an average return of 6.3% and a 48.6% success rate. Cikos covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CrowdStrike Holdings, and Palo Alto Networks. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Backblaze with a $7.40 average price target, a 67.0% upside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $5.00 price target.

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