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Analysts Offer Insights on Technology Companies: Gitlab (GTLB) and Stronghold Digital Mining (SDIG)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Gitlab (GTLBResearch Report) and Stronghold Digital Mining (SDIGResearch Report) with bullish sentiments.

Gitlab (GTLB)

Needham analyst Mike Cikos maintained a Buy rating on Gitlab today and set a price target of $60.00. The company’s shares closed last Wednesday at $42.57.

According to TipRanks.com, Cikos has 0 stars on 0-5 stars ranking scale with an average return of -9.0% and a 25.2% success rate. Cikos covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Cognyte Software, and Tenable Holdings.

Gitlab has an analyst consensus of Strong Buy, with a price target consensus of $60.63.

See the top stocks recommended by analysts >>

Stronghold Digital Mining (SDIG)

H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Stronghold Digital Mining today and set a price target of $3.00. The company’s shares closed last Wednesday at $0.43, close to its 52-week low of $0.40.

According to TipRanks.com, Dede is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -15.1% and a 27.2% success rate. Dede covers the Technology sector, focusing on stocks such as HIVE Blockchain Technologies, Marathon Digital Holdings, and POET Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stronghold Digital Mining with a $2.50 average price target.

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