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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tipranks - Wed Feb 25, 4:20AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Netskope, Inc. (NTSK – Research Report) and Novanta (NOVT – Research Report) with bullish sentiments.

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Netskope, Inc. (NTSK)

In a report released today, Shaul Eyal from TD Cowen reiterated a Buy rating on Netskope, Inc., with a price target of $25.00. The company’s shares closed last Monday at $9.26.

According to TipRanks.com, Eyal is a 5-star analyst with an average return of 19.3% and a 57.7% success rate. Eyal covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Tenable Holdings. ;'>

Currently, the analyst consensus on Netskope, Inc. is a Strong Buy with an average price target of $24.20, a 133.1% upside from current levels. In a report issued on February 11, RBC Capital also maintained a Buy rating on the stock with a $19.00 price target.

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Novanta (NOVT)

In a report released today, Brian Drab from William Blair maintained a Buy rating on Novanta. The company’s shares closed last Monday at $142.38.

According to TipRanks.com, Drab is a 5-star analyst with an average return of 31.4% and a 74.5% success rate. Drab covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings, Donaldson Company, and Generac Holdings. ;'>

Novanta has an analyst consensus of Moderate Buy, with a price target consensus of $138.00.

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