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Analysts Offer Insights on Technology Companies: Novanta (NOVT), Docebo (DCBO) and Switch (SWCH)

Analysts have been eager to weigh in on the Technology sector with new ratings on Novanta (NOVTResearch Report), Docebo (DCBOResearch Report) and Switch (SWCHResearch Report).

Novanta (NOVT)

In a report issued on March 12, Andrew Buscaglia from Berenberg Bank maintained a Hold rating on Novanta, with a price target of $135.00. The company’s shares closed last Friday at $126.48, close to its 52-week low of $122.17.

According to TipRanks.com, Buscaglia is ranked #5826 out of 7784 analysts.

Novanta has an analyst consensus of Hold, with a price target consensus of $141.50, representing a 6.8% upside. In a report issued on March 1, Robert W. Baird also maintained a Hold rating on the stock with a $148.00 price target.

See the top stocks recommended by analysts >>

Docebo (DCBO)

Berenberg Bank analyst Phillip Leytes maintained a Buy rating on Docebo on March 12 and set a price target of $65.00. The company’s shares closed last Friday at $40.71, close to its 52-week low of $37.78.

According to TipRanks.com, Leytes ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -21.5% and a 9.1% success rate. Leytes covers the Technology sector, focusing on stocks such as Instructure Holdings, Liveperson, and Bandwidth.

Docebo has an analyst consensus of Strong Buy, with a price target consensus of $69.00, implying a 57.7% upside from current levels. In a report issued on March 11, Canaccord Genuity also maintained a Buy rating on the stock with a $65.00 price target.

Switch (SWCH)

Berenberg Bank analyst Nate Crossett maintained a Buy rating on Switch on March 10 and set a price target of $35.00. The company’s shares closed last Friday at $26.65.

According to TipRanks.com, Crossett is a 2-star analyst with an average return of 2.1% and a 40.0% success rate. Crossett covers the Financial sector, focusing on stocks such as Radius Global Infrastructure, Offerpad Solutions, and Americold Realty.

Currently, the analyst consensus on Switch is a Strong Buy with an average price target of $30.00, a 10.1% upside from current levels. In a report issued on February 28, RBC Capital also maintained a Buy rating on the stock with a $30.00 price target.

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