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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tipranks - Thu Jun 4, 5:32AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Snowflake (SNOW) and Karooooo (KARO) with bullish sentiments.

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Snowflake (SNOW)

In a report released today, Jason Ader from William Blair maintained a Buy rating on Snowflake. The company’s shares closed last Tuesday at $261.14.

According to TipRanks.com, Ader is a 4-star analyst with an average return of 6.4% and a 48.8% success rate. Ader covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Rubrik, Inc. Class A, and CommVault Systems. ;'>

Currently, the analyst consensus on Snowflake is a Strong Buy with an average price target of $289.70, a 9.1% upside from current levels. In a report issued on May 19, TipRanks – PerPlexity also upgraded the stock to Buy with a $182.00 price target.

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Karooooo (KARO)

Needham analyst Joshua Reilly maintained a Buy rating on Karooooo today and set a price target of $60.00. The company’s shares closed last Tuesday at $49.62, close to its 52-week high of $50.54.

According to TipRanks.com, Reilly is a 4-star analyst with an average return of 11.4% and a 48.5% success rate. Reilly covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Tyler Technologies. ;'>

Currently, the analyst consensus on Karooooo is a Strong Buy with an average price target of $61.00.

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