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Analysts’ Opinions Are Mixed on These Technology Stocks: Applied Materials (AMAT), Gitlab (GTLB) and WEBTOON Entertainment Inc (WBTN)

Tipranks - Wed May 13, 6:52AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Applied Materials (AMAT), Gitlab (GTLB) and WEBTOON Entertainment Inc (WBTN).

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Applied Materials (AMAT)

In a report released today, Brian Chin from Stifel Nicolaus maintained a Buy rating on Applied Materials, with a price target of $500.00. The company’s shares closed last Monday at $443.62.

According to TipRanks.com, Chin is a top 100 analyst with an average return of 48.0% and a 69.1% success rate. Chin covers the Technology sector, focusing on stocks such as SkyWater Technology, Penguin Solutions, and Onto Innovation. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Applied Materials with a $463.76 average price target, implying a 5.6% upside from current levels. In a report issued on May 8, HSBC also initiated coverage with a Buy rating on the stock with a $517.00 price target.

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Gitlab (GTLB)

BTIG analyst Nick Altmann reiterated a Buy rating on Gitlab today and set a price target of $30.00. The company’s shares closed last Monday at $25.64.

According to TipRanks.com, Altmann is a 1-star analyst with an average return of -0.4% and a 40.0% success rate. Altmann covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Procore Technologies, and Figma, Inc. Class A. ;'>

Currently, the analyst consensus on Gitlab is a Hold with an average price target of $30.95, implying a 20.6% upside from current levels. In a report issued on May 8, TipRanks – PerPlexity also upgraded the stock to Buy with a $29.00 price target.

WEBTOON Entertainment Inc (WBTN)

In a report released today, Matthew Cost from Morgan Stanley maintained a Hold rating on WEBTOON Entertainment Inc, with a price target of $11.00. The company’s shares closed last Monday at $13.31.

According to TipRanks.com, Cost is a 1-star analyst with an average return of -2.7% and a 46.8% success rate. Cost covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class C, and Playtika Holding. ;'>

WEBTOON Entertainment Inc has an analyst consensus of Moderate Buy, with a price target consensus of $12.08, which is a -7.9% downside from current levels. In a report issued on April 27, TipRanks – DeepSeek also reiterated a Hold rating on the stock with a $10.50 price target.

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