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Analysts Are Bullish on Top Technology Stocks: PubMatic (PUBM), DigitalOcean Holdings (DOCN)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on PubMatic (PUBMResearch Report) and DigitalOcean Holdings (DOCNResearch Report) with bullish sentiments.

DigitalOcean Holdings (DOCN)

JMP Securities analyst Patrick Walravens maintained a Buy rating on DigitalOcean Holdings yesterday and set a price target of $63.00. The company’s shares closed last Wednesday at $44.71, close to its 52-week low of $30.05.

According to TipRanks.com, Walravens is a 4-star analyst with an average return of 3.9% and a 44.5% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Qualtrics International, and ZoomInfo Technologies.

Currently, the analyst consensus on DigitalOcean Holdings is a Moderate Buy with an average price target of $55.29.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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