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Analysts’ Top Technology Picks: Transdigm Group (TDG), Datadog (DDOG)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Transdigm Group (TDGResearch Report), Datadog (DDOGResearch Report) and CyberArk Software (CYBRResearch Report) with bullish sentiments.

Transdigm Group (TDG)

In a report released yesterday, Ross Law from Berenberg Bank maintained a Buy rating on Transdigm Group, with a price target of $750.00. The company’s shares closed last Friday at $638.33.

Law has an average return of 8.5% when recommending Transdigm Group.

According to TipRanks.com, Law is ranked #6601 out of 7791 analysts.

Currently, the analyst consensus on Transdigm Group is a Strong Buy with an average price target of $745.23, a 14.5% upside from current levels. In a report issued on February 8, RBC Capital also maintained a Buy rating on the stock with a $750.00 price target.

See today’s best-performing stocks on TipRanks >>

Datadog (DDOG)

Berenberg Bank analyst Kingsley Crane maintained a Buy rating on Datadog yesterday and set a price target of $210.00. The company’s shares closed last Friday at $167.40.

According to TipRanks.com, Crane is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.6% and a 14.7% success rate. Crane covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Sumo Logic, and PagerDuty.

Currently, the analyst consensus on Datadog is a Strong Buy with an average price target of $215.25, implying a 22.0% upside from current levels. In a report issued on February 10, Goldman Sachs also reiterated a Buy rating on the stock with a $225.00 price target.

CyberArk Software (CYBR)

Stifel Nicolaus analyst Adam Borg maintained a Buy rating on CyberArk Software yesterday and set a price target of $210.00. The company’s shares closed last Friday at $154.93.

According to TipRanks.com, Borg is a 3-star analyst with an average return of 10.8% and a 63.6% success rate. Borg covers the Technology sector, focusing on stocks such as Tufin Software Technologies, Procore Technologies, and Palo Alto Networks.

Currently, the analyst consensus on CyberArk Software is a Strong Buy with an average price target of $200.47, which is a 26.7% upside from current levels. In a report issued on February 10, FBN Securities also maintained a Buy rating on the stock with a $200.00 price target.

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