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Analysts Offer Insights on Technology Companies: Smartsheet (SMAR) and HashiCorp (HCP)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Smartsheet (SMARResearch Report) and HashiCorp (HCPResearch Report) with bullish sentiments.

Smartsheet (SMAR)

In a report issued on September 1, George Iwanyc from Oppenheimer reiterated a Buy rating on Smartsheet, with a price target of $50.00. The company’s shares closed last Friday at $34.16, close to its 52-week low of $27.05.

According to TipRanks.com, Iwanyc is ranked #591 out of 7977 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Smartsheet with a $46.07 average price target, a 40.3% upside from current levels. In a report issued on September 2, Jefferies also maintained a Buy rating on the stock with a $40.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

HashiCorp (HCP)

Oppenheimer analyst Ittai Kidron reiterated a Buy rating on HashiCorp on September 1 and set a price target of $50.00. The company’s shares closed last Friday at $30.11, close to its 52-week low of $25.51.

According to TipRanks.com, Kidron is a top 100 analyst with an average return of 22.4% and a 58.7% success rate. Kidron covers the Technology sector, focusing on stocks such as BigBearai Holdings, Progress Software, and Couchbase.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HashiCorp with a $44.67 average price target, representing a 26.6% upside. In a report issued on September 2, JMP Securities also maintained a Buy rating on the stock with a $54.00 price target.

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