In a report issued on March 22, Matthew Hedberg from RBC Capital maintained a Buy rating on Sumo Logic (SUMO – Research Report), with a price target of $17.00. The company's shares closed last Wednesday at $11.75. According to TipRanks.com, Hedberg is a 4-star analyst with an average return of 6.8% and a 50.4% 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 Moderate Buy analyst consensus rating for Sumo Logic with a $15.58 average price target, representing a 34.3% upside.
https://www.tipranks.com/news/blurbs/rbc-capital-maintains-a-buy-rating-on-sumo-logic-sumo?utm_source=advfn.com&utm_medium=referral
Sumo Logic (NASDAQ:SUMO)
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