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Analysts’ Top Technology Picks: Cloudflare (NET), SailPoint, Inc. (SAIL)

Tipranks - Thu Jun 11, 5:16AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cloudflare (NET) and SailPoint, Inc. (SAIL) with bullish sentiments.

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Cloudflare (NET)

BTIG analyst Gray Powell reiterated a Buy rating on Cloudflare yesterday and set a price target of $269.00. The company’s shares closed last Tuesday at $236.13.

According to TipRanks.com, Powell is a 5-star analyst with an average return of 10.1% and a 56.2% success rate. Powell covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and Palo Alto Networks. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $241.57 average price target, representing a -1.8% downside. In a report issued on May 26, TipRanks – PerPlexity also upgraded the stock to Buy with a $241.00 price target.

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SailPoint, Inc. (SAIL)

Wells Fargo analyst Richard Poland maintained a Buy rating on SailPoint, Inc. yesterday and set a price target of $19.00. The company’s shares closed last Tuesday at $15.66.

According to TipRanks.com, Poland is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -23.8% and a 14.3% success rate. Poland covers the Technology sector, focusing on stocks such as Tenable Holdings, Netskope, Inc., and SentinelOne. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SailPoint, Inc. with a $19.41 average price target, implying a 26.7% upside from current levels. In a report issued on May 25, Roth MKM also initiated coverage with a Buy rating on the stock with a $19.00 price target.

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