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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Fri Jun 5, 5:48AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on CrowdStrike Holdings (CRWD), Netskope, Inc. (NTSK) and Karooooo (KARO) with bullish sentiments.

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CrowdStrike Holdings (CRWD)

In a report released today, Jonathan Ho from William Blair maintained a Buy rating on CrowdStrike Holdings. The company’s shares closed last Wednesday at $747.61.

According to TipRanks.com, Ho is a 4-star analyst with an average return of 6.9% and a 51.2% success rate. Ho covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, Tyler Technologies, and Palo Alto Networks. ;'>

CrowdStrike Holdings has an analyst consensus of Strong Buy, with a price target consensus of $657.04, a -14.2% downside from current levels. In a report issued on May 24, TipRanks – xAI also upgraded the stock to Buy with a $756.00 price target.

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Netskope, Inc. (NTSK)

BTIG analyst Gray Powell maintained a Buy rating on Netskope, Inc. yesterday and set a price target of $14.00. The company’s shares closed last Wednesday at $12.40.

According to TipRanks.com, Powell is a 5-star analyst with an average return of 11.9% and a 57.4% success rate. Powell covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Netskope, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $16.43, a 36.9% upside from current levels. In a report issued on May 19, TD Cowen also maintained a Buy rating on the stock with a $25.00 price target.

Karooooo (KARO)

William Blair analyst Dylan Becker maintained a Buy rating on Karooooo today. The company’s shares closed last Wednesday at $47.11, close to its 52-week high of $50.54.

According to TipRanks.com, Becker is a 2-star analyst with an average return of 0.5% and a 42.5% success rate. Becker covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Clearwater Analytics Holdings, and The Descartes Systems Group. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Karooooo with a $61.00 average price target, which is a 23.2% upside from current levels. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $60.00 price target.

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