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Analysts Offer Insights on Technology Companies: nVent Electric (NVT), AT&T (T) and Gitlab (GTLB)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on nVent Electric (NVTResearch Report), AT&T (TResearch Report) and Gitlab (GTLBResearch Report).

nVent Electric (NVT)

RBC Capital analyst Deane Dray maintained a Buy rating on nVent Electric on March 14 and set a price target of $39.00. The company’s shares closed last Tuesday at $34.30.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 9.7% and a 51.5% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.

nVent Electric has an analyst consensus of Strong Buy, with a price target consensus of $44.00.

See the top stocks recommended by analysts >>

AT&T (T)

RBC Capital analyst Kutgun Maral maintained a Hold rating on AT&T on March 14 and set a price target of $30.00. The company’s shares closed last Tuesday at $23.09, close to its 52-week low of $22.02.

According to TipRanks.com, Maral is a 4-star analyst with an average return of 10.5% and a 50.0% success rate. Maral covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Endeavor Group Holdings Inc, and Paramount Global Class B.

AT&T has an analyst consensus of Moderate Buy, with a price target consensus of $29.43.

Gitlab (GTLB)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Gitlab yesterday and set a price target of $60.00. The company’s shares closed last Tuesday at $35.67, close to its 52-week low of $30.74.

According to TipRanks.com, Hedberg is a 3-star analyst with an average return of 1.1% and a 37.5% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and DoubleVerify Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gitlab with a $82.33 average price target, implying an 111.1% upside from current levels. In a report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $105.00 price target.

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Read More on NVT:

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