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Analysts’ Top Technology Picks: Veeva Systems (VEEV), Rapid7 (RPD)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Veeva Systems (VEEVResearch Report), Rapid7 (RPDResearch Report) and Credo Technology Group Holding Ltd (CRDOResearch Report) with bullish sentiments.

Veeva Systems (VEEV)

In a report issued on June 3, David Grossman from Stifel Nicolaus maintained a Buy rating on Veeva Systems, with a price target of $220.00. The company’s shares closed last Monday at $188.95.

According to TipRanks.com, Grossman is a 5-star analyst with an average return of 17.2% and a 67.4% success rate. Grossman covers the Technology sector, focusing on stocks such as International Business Machines, Automatic Data Processing, and Tabula Rasa HealthCare.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veeva Systems with a $221.94 average price target, a 16.2% upside from current levels. In a report issued on May 24, RBC Capital also maintained a Buy rating on the stock with a $250.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Rapid7 (RPD)

In a report issued on June 3, Brad Reback from Stifel Nicolaus maintained a Buy rating on Rapid7, with a price target of $105.00. The company’s shares closed last Monday at $70.21, close to its 52-week low of $63.24.

According to TipRanks.com, Reback is a 5-star analyst with an average return of 13.9% and a 57.7% success rate. Reback covers the Technology sector, focusing on stocks such as Evolv Technologies Holdings, DigitalOcean Holdings, and CrowdStrike Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rapid7 with a $122.55 average price target.

Credo Technology Group Holding Ltd (CRDO)

Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Credo Technology Group Holding Ltd on June 3 and set a price target of $17.00. The company’s shares closed last Monday at $12.74.

According to TipRanks.com, Svanberg is a top 25 analyst with an average return of 24.2% and a 70.0% success rate. Svanberg covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, O2Micro International, and Silicon Laboratories.

Credo Technology Group Holding Ltd has an analyst consensus of Strong Buy, with a price target consensus of $18.25, a 40.4% upside from current levels. In a report issued on June 2, Needham also maintained a Buy rating on the stock with a $15.00 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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