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Analysts’ Top Technology Picks: CarGurus (CARG), Voyager Digital (Canada) (VYGVF)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on CarGurus (CARGResearch Report), Voyager Digital (Canada) (VYGVFResearch Report) and Roblox (RBLXResearch Report) with bullish sentiments.

CarGurus (CARG)

In a report released yesterday, Marvin Fong from BTIG maintained a Buy rating on CarGurus, with a price target of $40.00. The company’s shares closed last Wednesday at $23.91, close to its 52-week low of $20.15.

According to TipRanks.com, Fong is ranked 0 out of 5 stars with an average return of -12.7% and a 25.3% success rate. Fong covers the Technology sector, focusing on stocks such as Farfetch, TrueCar, and Upwork.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CarGurus with a $42.30 average price target, a 90.5% upside from current levels. In a report issued on May 10, Oppenheimer also maintained a Buy rating on the stock with a $38.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Voyager Digital (Canada) (VYGVF)

In a report released yesterday, Mark Palmer from BTIG reiterated a Buy rating on Voyager Digital (Canada), with a price target of C$15.00. The company’s shares closed last Wednesday at $2.19, close to its 52-week low of $2.02.

According to TipRanks.com, Palmer is a 4-star analyst with an average return of 6.9% and a 49.4% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Mogo Finance Technology, and Galaxy Digital Holdings.

Currently, the analyst consensus on Voyager Digital (Canada) is a Strong Buy with an average price target of $10.65, a 407.1% upside from current levels. In a report issued on May 17, Noble Financial also maintained a Buy rating on the stock with a C$15.00 price target.

Roblox (RBLX)

BTIG analyst Clark Lampen maintained a Buy rating on Roblox yesterday and set a price target of $61.00. The company’s shares closed last Wednesday at $28.93, close to its 52-week low of $21.65.

According to TipRanks.com, Lampen is ranked 0 out of 5 stars with an average return of -32.9% and a 21.6% success rate. Lampen covers the Technology sector, focusing on stocks such as Playtika Holding, Unity Software, and ironSource.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roblox with a $41.25 average price target, implying a 50.2% upside from current levels. In a report issued on May 10, Truist Financial also maintained a Buy rating on the stock with a $36.00 price target.

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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