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Analysts’ Opinions Are Mixed on These Technology Stocks: Sportradar Group AG (SRAD), Adobe (ADBE) and Paysafe (PSFE)

Tipranks - Thu Mar 5, 7:02AM CST

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Sportradar Group AG (SRADResearch Report), Adobe (ADBEResearch Report) and Paysafe (PSFEResearch Report).

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Sportradar Group AG (SRAD)

In a report released today, Barry Jonas from Truist Financial reiterated a Buy rating on Sportradar Group AG. The company’s shares closed last Tuesday at $17.67.

According to TipRanks.com, Jonas is a 3-star analyst with an average return of 2.3% and a 44.0% success rate. Jonas covers the NA sector, focusing on stocks such as Monarch Casino & Resort, Inspired Entertainment, and Caesars Entertainment. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sportradar Group AG with a $27.73 average price target, which is a 51.1% upside from current levels. In a report issued on February 20, Roth MKM also maintained a Buy rating on the stock with a $25.00 price target.

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Adobe (ADBE)

Piper Sandler analyst Billy Fitzsimmons maintained a Hold rating on Adobe today and set a price target of $330.00. The company’s shares closed last Tuesday at $270.99.

According to TipRanks.com, Fitzsimmons is a 1-star analyst with an average return of -3.4% and a 23.1% success rate. Fitzsimmons covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Onestream, Inc. Class A, and ZoomInfo Technologies. ;'>

Currently, the analyst consensus on Adobe is a Moderate Buy with an average price target of $418.32, a 60.9% upside from current levels. In a report issued on February 17, TipRanks – xAI also downgraded the stock to Hold with a $288.00 price target.

Paysafe (PSFE)

In a report released yesterday, Daniel Perlin from RBC Capital maintained a Hold rating on Paysafe, with a price target of $9.00. The company’s shares closed last Tuesday at $7.46.

According to TipRanks.com, Perlin has 0 stars on 0-5 stars ranking scale with an average return of -11.5% and a 34.4% success rate. Perlin covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions, SS&C Technologies Holdings, and Jack Henry & Associates. ;'>

Currently, the analyst consensus on Paysafe is a Hold with an average price target of $8.79.

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