There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on UiPath (PATH), DoubleVerify Holdings (DV) and KnowBe4 (KNBE) with bullish sentiments.
UiPath (PATH)
Needham analyst Scott Berg initiated coverage with a Buy rating on UiPath today and set a price target of $85.00. The company’s shares closed last Friday at $70.48.
According to TipRanks.com, Berg is a top 100 analyst with an average return of 27.9% and a 66.6% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, BigCommerce Holdings, and Cornerstone Ondemand.
Currently, the analyst consensus on UiPath is a Moderate Buy with an average price target of $76.33.
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DoubleVerify Holdings (DV)
In a report released today, Laura Martin from Needham assigned a Buy rating to DoubleVerify Holdings, with a price target of $41.00. The company’s shares closed last Friday at $30.86.
According to TipRanks.com, Martin is a 5-star analyst with an average return of 24.9% and a 62.3% success rate. Martin covers the Services sector, focusing on stocks such as CuriosityStream, World Wrestling, and Walt Disney.
Currently, the analyst consensus on DoubleVerify Holdings is a Strong Buy with an average price target of $44.00, implying a 45.0% upside from current levels. In a report released today, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $47.00 price target.
KnowBe4 (KNBE)
Needham analyst Alex Henderson initiated coverage with a Buy rating on KnowBe4 today and set a price target of $22.00. The company’s shares closed last Friday at $18.69, close to its 52-week low of $17.10.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 23.9% and a 62.9% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for KnowBe4 with a $23.00 average price target, representing a 27.1% upside. In a report issued on May 14, Berenberg Bank also initiated coverage with a Buy rating on the stock with a $22.00 price target.
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