Matthew Hedberg Analyst Performance

Software Analyst at Royal Bank Of Canada

Matthew Hedberg is a stock analyst at Royal Bank Of Canada focused in the computer and technology sector, covering 56 publicly traded companies. Over the past year, Matthew Hedberg has issued 75 stock ratings, including buy and hold recommendations. While full access to Matthew Hedberg's proprietary MarketBeat Analyst Rating is reserved for MarketBeat All Access subscribers, the rating is updated daily to reflect the most recent analyst activity. This profile highlights Matthew Hedberg's coverage history, rating activity, and performance tendencies — helping individual investors make more informed trading decisions.

Analyst Ratings, Coverage, and Performance Statistics

Analyst Rating

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Average Return

00.00% 12-Month ROI

Success Rate

00.00% Profitable Ratings

Total Ratings

205 Last 11 Years

Buy Recommendations

72.96% 143 Buy Ratings

Companies Covered

56 Unique Companies

Ratings Distribution

Rating	Percentage	Count
Strong Buy	0.0%	0 ratings
Buy	73.0%	143 ratings
Hold	27.0%	53 ratings
Sell	0.0%	0 ratings

Out of 196 total stock ratings issued by Matthew Hedberg at Royal Bank Of Canada, the majority (73.0%) have been Buy recommendations, followed by 27.0% Hold.

Best & Worst Calls

• Best Call

  0000.0%

  PD

  Mar 2020

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• Worst Call

  000.0%

  EVCM

  Nov 2021

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Exchange Coverage

Exchange	Percentage	Count
NASDAQ	64.3% of companies on NASDAQ	36 companies
NYSE	35.7% of companies on NYSE	20 companies

Matthew Hedberg, an analyst at Royal Bank Of Canada, currently covers 56 companies listed on NASDAQ and NYSE, with the majority traded on NASDAQ.

Coverage Focus

Sector Icon	Sector	Percentage
	Computer and Technology 49 companies	87.5%
	Business Services 4 companies	7.1%
	Industrials 1 company	1.8%
	Consumer Discretionary 1 company	1.8%
	Miscellaneous 1 company	1.8%

Matthew Hedberg of Royal Bank Of Canada specializes in stock coverage within the Computer and Technology sector, with additional focus on Business Services and Industrials companies.

Coverage Industries

Industry	Percentage
INTERNET SOFTWARE 18 companies	32.1%
PREPACKAGED SOFTWARE 10 companies	17.9%
SECURITY 8 companies	14.3%
COMP - SOFTWARE 5 companies	8.9%
TECHNOLOGY SERVICES 3 companies	5.4%
IT SERVICES 3 companies	5.4%
COMP - STORAGE DE 1 company	1.8%
COMP - SERVICES 1 company	1.8%
COMP - NETWORKS 1 company	1.8%
COMP - INTEGT SYS 1 company	1.8%
SOFTWARE - INFRASTRUCTURE 1 company	1.8%
MACH - GENL INDL 1 company	1.8%
DATA PROCESSING & PREPARATION 1 company	1.8%
COMPUTER PROGRAMMING, DATA PROCESSING, & OTHER COMPUTER RELATED 1 company	1.8%
Miscellaneous 1 company	1.8%

Matthew Hedberg's Ratings History at Royal Bank Of Canada

Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 2 Years 3 Years 4 Years 5 Years All Time Timeframe

Start Date

End Date

All Ratings Strong Buy Buy Hold Sell Rating

Recommendation ROI is the percentage between the price on the Report Date to the price 12 months after the report date.
Available with a MarketBeat All Access Subscription

12-Month ROIUpgrade to All Access to use the All ROI Filter

Export to Excel

Company	Report Date	Action	Report Date Price	12-Month Price Target	Rating	12-Month Price & ROI	Details
IOT Samsara	9/5/2025	Boost Price Target	$42.47	$46.00	Outperform	$0.00 00.00% ROI
PD PagerDuty	9/4/2025	Lower Price Target	$15.67	$18.00	Outperform	$0.00 00.00% ROI
VRNS Varonis Systems	9/3/2025	Reiterated Rating	$55.53	$64.00	Outperform	$0.00 00.00% ROI
ZS Zscaler	9/3/2025	Boost Price Target	$263.83	$335.00	Outperform	$0.00 00.00% ROI
ADSK Autodesk	8/29/2025	Boost Price Target	$310.75	$380.00	Outperform	$0.00 00.00% ROI
ESTC Elastic	8/29/2025	Boost Price Target	$85.98	$125.00	Outperform	$0.00 00.00% ROI
CRWD CrowdStrike	8/28/2025	Set Price Target	$432.63	$510.00	Outperform	$0.00 00.00% ROI
SNOW Snowflake	8/28/2025	Boost Price Target	$232.45	$275.00	Outperform	$0.00 00.00% ROI
OKTA Okta	8/27/2025	Boost Price Target	$91.56	$115.00	Outperform	$0.00 00.00% ROI
PANW Palo Alto Networks	8/19/2025	Reiterated Rating	$184.56	$232.00	Outperform	$0.00 00.00% ROI
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GEN Gen Digital	8/8/2025	Boost Price Target	$30.96	$33.00	Sector Perform	$0.00 00.00% ROI
RPD Rapid7	8/8/2025	Lower Price Target	$18.13	$23.00	Sector Perform	$0.00 00.00% ROI
DT Dynatrace	8/7/2025	Boost Price Target	$46.95	$64.00	Outperform	$0.00 00.00% ROI
NET Cloudflare	8/1/2025	Boost Price Target	$207.05	$228.00	Outperform	$0.00 00.00% ROI
FFIV F5	7/31/2025	Boost Price Target	$321.16	$326.00	Sector Perform	$0.00 00.00% ROI
CFLT Confluent	7/31/2025	Lower Price Target	$18.07	$25.00	Outperform	$0.00 00.00% ROI
CHKP Check Point Software Technologies	7/31/2025	Lower Price Target	$186.17	$207.00	Sector Perform	$0.00 00.00% ROI
PTC PTC	7/31/2025	Boost Price Target	$216.68	$235.00	Outperform	$0.00 00.00% ROI
CYBR CyberArk Software	7/31/2025	Reiterated Rating	$418.74	$448.00	Sector Perform	$0.00 00.00% ROI
VRNS Varonis Systems	7/30/2025	Boost Price Target	$55.46	$64.00	Outperform	$0.00 00.00% ROI
OLO OLO	7/7/2025	Reiterated Rating	$10.12	$10.25	Sector Perform	$0.00 00.00% ROI
GTLB GitLab	6/25/2025	Reiterated Rating	$42.47	$62.00	Outperform	$0.00 00.00% ROI
GTLB GitLab	6/11/2025	Lower Price Target	$44.50	$62.00	Outperform	$0.00 00.00% ROI
CRWD CrowdStrike	6/4/2025	Boost Price Target	$459.41	$510.00	Outperform	$0.00 00.00% ROI
BASE Couchbase	6/4/2025	Reiterated Rating	$18.31	$22.00	Outperform	$0.00 00.00% ROI
SNOW Snowflake	6/4/2025	Boost Price Target	$210.24	$250.00	Outperform	$0.00 00.00% ROI
ESTC Elastic	5/30/2025	Lower Price Target	$82.41	$115.00	Outperform	$0.00 00.00% ROI
PD PagerDuty	5/30/2025	Lower Price Target	$14.37	$20.00	Outperform	$0.00 00.00% ROI
ZS Zscaler	5/30/2025	Boost Price Target	$272.62	$304.00	Outperform	$0.00 00.00% ROI
PATH UiPath	5/30/2025	Boost Price Target	$13.01	$15.00	Sector Perform	$0.00 00.00% ROI
OKTA Okta	5/28/2025	Lower Price Target	$108.57	$135.00	Outperform	$0.00 00.00% ROI
ADSK Autodesk	5/23/2025	Reiterated Rating	$292.54	$345.00	Outperform	$0.00 00.00% ROI
SNOW Snowflake	5/22/2025	Set Price Target	$199.77	$236.00	Outperform	$0.00 00.00% ROI
DT Dynatrace	5/15/2025	Boost Price Target	$53.15	$60.00	Outperform	$0.00 00.00% ROI
CYBR CyberArk Software	5/13/2025	Reiterated Rating	$367.66	$420.00	Outperform	$0.00 00.00% ROI
BSY Bentley Systems	5/8/2025	Boost Price Target	$47.11	$55.00	Outperform	$0.00 00.00% ROI
GEN Gen Digital	5/7/2025	Boost Price Target	$27.95	$30.00	Sector Perform	$0.00 00.00% ROI
DDOG Datadog	5/7/2025	Reiterated Rating	$104.74	$119.00	Outperform	$0.00 00.00% ROI
VRNS Varonis Systems	5/7/2025	Boost Price Target	$45.98	$58.00	Outperform	$0.00 00.00% ROI
QLYS Qualys	5/7/2025	Boost Price Target	$128.09	$140.00	Sector Perform	$0.00 00.00% ROI
NOW ServiceNow	5/6/2025	Boost Price Target	$974.53	$1,100.00	Outperform	$0.00 00.00% ROI
FFIV F5	4/29/2025	Reiterated Rating	$265.53	$290.00	Sector Perform	$0.00 00.00% ROI
NOW ServiceNow	4/24/2025	Boost Price Target	$943.52	$1,060.00	Outperform	$0.00 00.00% ROI
CYBR CyberArk Software	4/11/2025	Reiterated Rating	$344.21	$420.00	Outperform	$0.00 00.00% ROI
PATH UiPath	3/26/2025	Reiterated Rating	$11.19	$13.00	Sector Perform	$0.00 00.00% ROI
EVCM EverCommerce	3/14/2025	Lower Price Target	$9.53	$11.00	Outperform	$0.00 00.00% ROI
PD PagerDuty	3/14/2025	Lower Price Target	$18.04	$22.00	Outperform	$0.00 00.00% ROI
PATH UiPath	3/13/2025	Lower Price Target	$10.10	$13.00	Sector Perform	$0.00 00.00% ROI
NET Cloudflare	3/13/2025	Lower Price Target	$113.51	$148.00	Outperform	$0.00 00.00% ROI
SAIL SailPoint	3/10/2025	Initiated Coverage	$22.05	$27.00	Outperform	$0.00 00.00% ROI
IOT Samsara	3/7/2025	Lower Price Target	$34.74	$54.00	Outperform	$0.00 00.00% ROI
ZS Zscaler	3/6/2025	Boost Price Target	$208.58	$250.00	Outperform	$0.00 00.00% ROI
GTLB GitLab	3/4/2025	Reiterated Rating	$57.92	$80.00	Outperform	$0.00 00.00% ROI
OKTA Okta	3/4/2025	Boost Price Target	$101.94	$120.00	Outperform	$0.00 00.00% ROI
NABL N-able	3/4/2025	Lower Price Target	$6.94	$10.00	Outperform	$0.00 00.00% ROI
SNOW Snowflake	2/27/2025	Boost Price Target	$180.31	$221.00	Outperform	$0.00 00.00% ROI
NTNX Nutanix	2/27/2025	Boost Price Target	$77.53	$95.00	Outperform	$0.00 00.00% ROI
CHKP Check Point Software Technologies	2/27/2025	Reiterated Rating	$218.99	$215.00	Sector Perform	$0.00 00.00% ROI
BASE Couchbase	2/26/2025	Lower Price Target	$18.28	$22.00	Outperform	$0.00 00.00% ROI
TDC Teradata	2/12/2025	Lower Price Target	$24.78	$29.00	Sector Perform	$0.00 00.00% ROI
PANW Palo Alto Networks	2/10/2025	Reiterated Rating	$197.88	$225.00	Outperform	$0.00 00.00% ROI
NET Cloudflare	2/7/2025	Boost Price Target	$169.12	$170.00	Outperform	$0.00 00.00% ROI
QLYS Qualys	2/7/2025	Lower Price Target	$135.80	$135.00	Sector Perform	$0.00 00.00% ROI
CSGS CSG Systems International	2/6/2025	Boost Price Target	$65.22	$69.00	Outperform	$0.00 00.00% ROI
CHKP Check Point Software Technologies	1/31/2025	Boost Price Target	$219.29	$215.00	Sector Perform	$0.00 00.00% ROI
NTCT NetScout Systems	1/31/2025	Boost Price Target	$24.03	$25.00	Sector Perform	$0.00 00.00% ROI
GEN Genesis Healthcare	1/31/2025	Boost Price Target	$27.89	$30.00	Sector Perform	$0.00 00.00% ROI
DT Dynatrace	1/31/2025	Boost Price Target	$58.45	$69.00	Outperform	$0.00 00.00% ROI
NOW ServiceNow	1/30/2025	Reiterated Rating	$996.12	$1,210.00	Outperform	$0.00 00.00% ROI
FFIV F5	1/29/2025	Boost Price Target	$299.32	$310.00	Sector Perform	$0.00 00.00% ROI
IBM International Business Machines	1/27/2025	Reiterated Rating	$222.39	$250.00	Outperform	$0.00 00.00% ROI
SWI SolarWinds	1/21/2025	Boost Price Target	$14.25	$16.00	Sector Perform	$0.00 00.00% ROI
JAMF Jamf	1/21/2025	Lower Price Target	$14.56	$19.00	Outperform	$0.00 00.00% ROI
NABL N-able	1/21/2025	Lower Price Target	$9.31	$12.00	Outperform	$0.00 00.00% ROI
OKTA Okta	10/17/2024	Lower Price Target	$75.81	$101.00	Outperform	$0.00 00.00% ROI

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