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 45 publicly traded companies. Over the past year, Matthew Hedberg has issued 131 stock ratings, including buy and hold recommendations. While full access to Matthew Hedberg's proprietary MarketBeat Analyst Ranking 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 â€” helping individual investors make more informed trading decisions.

Analyst Ranking: Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating MarketBeat
Average Return: 00.00% 12-Month ROI
Success Rate: 00.00% Profitable Ratings
Total Ratings: 248 Last 11 Years
Buy Recommendations: 72.15% 171 Buy Ratings
Companies Covered: 45 Unique Companies

Ratings Distribution

Rating	Percentage	Count
Strong Buy	0.0%	0 ratings
Buy	72.2%	171 ratings
Hold	27.8%	66 ratings
Sell	0.0%	0 ratings

Out of 237 total stock ratings issued by Matthew Hedberg at Royal Bank Of Canada, the majority (72.2%) have been Buy recommendations, followed by 27.8% Hold.

Best & Worst Calls

Best Call
0000.0%
PD
Mar 2020
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Worst Call
000.0%
PD
Mar 2025
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Exchange Coverage

Exchange	Percentage	Count
NASDAQ	68.9% of companies on NASDAQ	31 companies
NYSE	31.1% of companies on NYSE	14 companies

Matthew Hedberg, an analyst at Royal Bank Of Canada, currently covers 45 companies listed on NASDAQ and NYSE, with the majority traded on NASDAQ.

Coverage Focus

Sector Icon	Sector	Percentage
	Computer and Technology 40 companies	88.9%
	Business Services 3 companies	6.7%
	Services 1 company	2.2%
	Industrials 1 company	2.2%

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

Coverage Industries

Industry	Percentage
INTERNET SOFTWARE 18 companies	40.0%
SECURITY 8 companies	17.8%
COMP - SOFTWARE 5 companies	11.1%
TECHNOLOGY SERVICES 3 companies	6.7%
IT SERVICES 3 companies	6.7%
COMP - NETWORKS 1 company	2.2%
SERVICES – COMPUTER PROGRAMMING AND DATA PROCESSING 1 company	2.2%
COMP - STORAGE DE 1 company	2.2%
COMP - SERVICES 1 company	2.2%
COMP - INTEGT SYS 1 company	2.2%
SOFTWARE - INFRASTRUCTURE 1 company	2.2%
MACH - GENL INDL 1 company	2.2%
PREPACKAGED SOFTWARE 1 company	2.2%

Timeframe

Start Date

End Date

Rating

12-Month ROIAll ROI

Export

Company	Report Date	Action	Report Date Price	12-Month Price Target	Rating
GEN Gen Digital	5/8/2026	Boost Price Target	$22.39	$24.00	Sector Perform
DDOG Datadog	5/8/2026	Boost Price Target	$191.92	$219.00	Outperform
NTCT NetScout Systems	5/8/2026	Boost Price Target	$39.64	$38.00	Sector Perform
QLYS Qualys	5/6/2026	Boost Price Target	$86.69	$90.00	Sector Perform
NOW ServiceNow	5/5/2026	Reiterated Rating	$90.89	$121.00	Outperform
CHKP Check Point Software Technologies	5/1/2026	Lower Price Target	$115.66	$135.00	Sector Perform
FFIV F5	4/29/2026	Boost Price Target	$329.09	$375.00	Outperform
VRNS Varonis Systems	4/29/2026	Boost Price Target	$27.78	$36.00	Outperform
GTLB GitLab	4/20/2026	Downgrade	$21.42	$25.00	Sector Perform
ESTC Elastic	4/16/2026	Lower Price Target	$47.51	$70.00	Outperform
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NTNX Nutanix	4/8/2026	Reiterated Rating	$39.52	$55.00	Outperform
SAIL SailPoint	3/19/2026	Lower Price Target	$12.78	$19.00	Outperform
CRWD CrowdStrike	3/17/2026	Reiterated Rating	$435.56	$550.00	Outperform
PD PagerDuty	3/13/2026	Lower Price Target	$7.21	$8.00	Sector Perform
EVCM EverCommerce	3/13/2026	Lower Price Target	$10.77	$11.00	Sector Perform
NTSK Netskope	3/12/2026	Lower Price Target	$9.39	$14.00	Outperform
IOT Samsara	3/6/2026	Boost Price Target	$34.46	$41.00	Outperform
CRWD CrowdStrike	3/4/2026	Reiterated Rating	$391.42	$550.00	Outperform
GTLB GitLab	3/4/2026	Lower Price Target	$23.62	$33.00	Outperform
ADSK Autodesk	2/27/2026	Lower Price Target	$233.45	$335.00	Outperform
ZS Zscaler	2/27/2026	Lower Price Target	$144.62	$205.00	Outperform
PANW Palo Alto Networks	2/18/2026	Reiterated Rating	$153.94	$220.00	Outperform
ZS Zscaler	2/11/2026	Reiterated Rating	$174.34	$250.00	Outperform
SNOW Snowflake	2/11/2026	Set Price Target	$174.94	$245.00
SAIL SailPoint	2/11/2026	Reiterated Rating	$15.21	$23.00	Outperform
PATH UiPath	2/11/2026	Set Price Target	$12.96	$14.00
PANW Palo Alto Networks	2/11/2026	Set Price Target	$165.51	$220.00
IOT Samsara	2/11/2026	Set Price Target	$27.93	$35.00
PD PagerDuty	2/11/2026	Reiterated Rating	$7.83		Sector Perform
NTNX Nutanix	2/11/2026	Set Price Target	$41.88	$55.00
NTSK Netskope	2/11/2026	Reiterated Rating	$12.22		Outperform
CRWD CrowdStrike	2/11/2026	Set Price Target	$413.39	$550.00
ADSK Autodesk	2/11/2026	Reiterated Rating	$243.58	$340.00	Outperform
GTLB GitLab	2/11/2026	Lower Price Target	$31.55	$40.00	Outperform
TDC Teradata	2/11/2026	Boost Price Target	$36.65	$35.00	Sector Perform
RPD Rapid7	2/11/2026	Lower Price Target	$7.25	$12.00	Sector Perform
DT Dynatrace	2/9/2026	Reiterated Rating	$36.47		Outperform
DDOG Datadog	2/9/2026	Lower Price Target	$111.69	$150.00	Outperform
NOW ServiceNow	2/9/2026	Lower Price Target	$107.06	$150.00	Outperform
QLYS Qualys	2/6/2026	Lower Price Target	$116.89	$134.00	Sector Perform

PTC PTC	2/5/2026	Lower Price Target	$153.94	$195.00	Outperform
NOW ServiceNow	1/29/2026	Lower Price Target	$114.65	$185.00	Outperform
FFIV F5	1/28/2026	Boost Price Target	$290.77	$345.00	Outperform
NET Cloudflare	1/27/2026	Reiterated Rating	$216.16		Outperform
ZS Zscaler	1/5/2026	Lower Price Target	$220.57	$290.00	Outperform
PATH UiPath	1/5/2026	Lower Price Target	$15.87	$17.00	Sector Perform
TDC Teradata	1/5/2026	Boost Price Target	$29.71	$32.00	Sector Perform
NOW ServiceNow	1/5/2026	Reiterated Rating	$147.46	$195.00	Outperform
IOT Samsara	1/5/2026	Lower Price Target	$33.91	$46.00	Outperform
SAIL SailPoint	1/5/2026	Boost Price Target	$18.95	$26.00	Outperform
RPD Rapid7	1/5/2026	Lower Price Target	$14.27	$16.00	Sector Perform
OKTA Okta	1/5/2026	Boost Price Target	$83.64	$108.00	Outperform
NTNX Nutanix	1/5/2026	Lower Price Target	$50.60	$65.00	Outperform
NTSK Netskope	1/5/2026	Reiterated Rating	$16.90	$23.00	Outperform
GTLB GitLab	1/5/2026	Lower Price Target	$36.18	$48.00	Outperform
DT Dynatrace	1/5/2026	Lower Price Target	$42.35	$56.00	Outperform
DDOG Datadog	1/5/2026	Lower Price Target	$133.77	$175.00	Outperform
CHKP Check Point Software Technologies	1/5/2026	Lower Price Target	$181.03	$195.00	Sector Perform
BSY Bentley Systems	1/5/2026	Lower Price Target	$38.15	$48.00	Outperform
PD PagerDuty	1/5/2026	Downgrade	$12.38	$15.00	Sector Perform
EVCM EverCommerce	1/5/2026	Downgrade	$11.55	$12.00	Sector Perform
FFIV F5	1/5/2026	Upgrade	$256.63	$325.00	Outperform
VRNS Varonis Systems	1/5/2026	Lower Price Target	$33.21	$41.00	Outperform
ESTC Elastic	1/5/2026	Lower Price Target	$75.01	$95.00	Outperform
NTCT NetScout Systems	1/5/2026	Lower Price Target	$27.23	$29.00	Sector Perform
NTSK Netskope	12/12/2025	Boost Price Target	$21.87	$27.00	Outperform
PATH UiPath	12/10/2025	Boost Price Target	$18.57	$19.00	Sector Perform
CFLT Confluent	12/9/2025	Downgrade	$29.87	$31.00	Sector Perform
IOT Samsara	12/5/2025	Boost Price Target	$46.22	$50.00	Outperform
PATH UiPath	12/4/2025	Boost Price Target	$17.10	$16.00	Sector Perform
SNOW Snowflake	12/4/2025	Reiterated Rating	$265.34		Outperform
CRWD CrowdStrike	12/3/2025	Reiterated Rating	$508.54	$621.00	Outperform
OKTA Okta	12/3/2025	Lower Price Target	$81.87	$97.00	Outperform
PD PagerDuty	11/26/2025	Lower Price Target	$15.22	$17.00	Outperform
ESTC Elastic	11/21/2025	Lower Price Target	$73.12	$115.00	Outperform
CRWD CrowdStrike	11/12/2025	Boost Price Target	$556.73	$621.00	Outperform
PANW Palo Alto Networks	11/12/2025	Boost Price Target	$219.74	$250.00	Outperform
ZS Zscaler	11/12/2025	Boost Price Target	$330.52	$366.00	Outperform
NTCT NetScout Systems	11/7/2025	Boost Price Target	$28.90	$31.00	Sector Perform
NABL N-able	11/7/2025	Boost Price Target	$8.23	$10.00	Outperform
GEN Gen Digital	11/7/2025	Lower Price Target	$25.46	$29.00	Sector Perform
EVCM EverCommerce	11/7/2025	Lower Price Target	$9.35	$12.00	Outperform
DDOG Datadog	11/7/2025	Boost Price Target	$187.57	$216.00	Outperform
NET Cloudflare	10/31/2025	Boost Price Target	$247.00	$265.00	Outperform
NOW ServiceNow	10/30/2025	Reiterated Rating	$189.61	$240.00	Outperform
CHKP Check Point Software Technologies	10/29/2025	Boost Price Target	$197.62	$215.00	Sector Perform
VRNS Varonis Systems	10/29/2025	Lower Price Target	$34.85	$60.00	Outperform
CFLT Confluent	10/28/2025	Reiterated Rating	$24.36	$30.00	Outperform
FFIV F5	10/28/2025	Lower Price Target	$290.41	$315.00	Sector Perform
NTSK Netskope	10/13/2025	Initiated Coverage	$21.75	$26.00	Outperform

CRWD CrowdStrike	10/13/2025	Boost Price Target	$493.66	$540.00	Outperform
NTSK Netskope	10/13/2025	Initiated Coverage	$23.44	$26.00	Outperform
ADSK Autodesk	10/6/2025	Reiterated Rating	$318.90	$380.00	Outperform
ZS Zscaler	10/2/2025	Boost Price Target	$306.02	$350.00	Outperform
OKTA Okta	9/26/2025	Reiterated Rating	$89.82	$115.00	Outperform
CRWD CrowdStrike	9/18/2025	Reiterated Rating	$483.36	$510.00	Outperform
IOT Samsara	9/5/2025	Boost Price Target	$42.47	$46.00	Outperform
PD PagerDuty	9/4/2025	Lower Price Target	$15.67	$18.00	Outperform
ZS Zscaler	9/3/2025	Boost Price Target	$263.83	$335.00	Outperform
VRNS Varonis Systems	9/3/2025	Reiterated Rating	$55.53	$64.00	Outperform
ADSK Autodesk	8/29/2025	Boost Price Target	$310.75	$380.00	Outperform
ESTC Elastic	8/29/2025	Boost Price Target	$85.98	$125.00	Outperform
CRWD CrowdStrike	8/28/2025	Set Price Target	$432.63	$510.00	Outperform
SNOW Snowflake	8/28/2025	Boost Price Target	$232.45	$275.00	Outperform
OKTA Okta	8/27/2025	Boost Price Target	$91.56	$115.00	Outperform
PANW Palo Alto Networks	8/19/2025	Reiterated Rating	$184.56	$232.00	Outperform
GEN Gen Digital	8/8/2025	Boost Price Target	$30.96	$33.00	Sector Perform
RPD Rapid7	8/8/2025	Lower Price Target	$18.13	$23.00	Sector Perform
DT Dynatrace	8/7/2025	Boost Price Target	$46.95	$64.00	Outperform
NET Cloudflare	8/1/2025	Boost Price Target	$207.05	$228.00	Outperform
FFIV F5	7/31/2025	Boost Price Target	$321.16	$326.00	Sector Perform
CFLT Confluent	7/31/2025	Lower Price Target	$18.07	$25.00	Outperform
CHKP Check Point Software Technologies	7/31/2025	Lower Price Target	$186.17	$207.00	Sector Perform
PTC PTC	7/31/2025	Boost Price Target	$216.68	$235.00	Outperform
CYBR CyberArk Software	7/31/2025	Reiterated Rating	$418.74	$448.00	Sector Perform
VRNS Varonis Systems	7/30/2025	Boost Price Target	$55.46	$64.00	Outperform
OLO OLO	7/7/2025	Reiterated Rating	$10.12	$10.25	Sector Perform
GTLB GitLab	6/25/2025	Reiterated Rating	$42.47	$62.00	Outperform
GTLB GitLab	6/11/2025	Lower Price Target	$44.50	$62.00	Outperform
CRWD CrowdStrike	6/4/2025	Boost Price Target	$459.41	$510.00	Outperform
BASE Couchbase	6/4/2025	Reiterated Rating	$18.31	$22.00	Outperform
SNOW Snowflake	6/4/2025	Boost Price Target	$210.24	$250.00	Outperform
ESTC Elastic	5/30/2025	Lower Price Target	$82.41	$115.00	Outperform
PD PagerDuty	5/30/2025	Lower Price Target	$14.37	$20.00	Outperform
ZS Zscaler	5/30/2025	Boost Price Target	$272.62	$304.00	Outperform
PATH UiPath	5/30/2025	Boost Price Target	$13.01	$15.00	Sector Perform
OKTA Okta	5/28/2025	Lower Price Target	$108.57	$135.00	Outperform
ADSK Autodesk	5/23/2025	Reiterated Rating	$292.54	$345.00	Outperform
SNOW Snowflake	5/22/2025	Set Price Target	$199.77	$236.00	Outperform
DT Dynatrace	5/15/2025	Boost Price Target	$53.15	$60.00	Outperform
CYBR CyberArk Software	5/13/2025	Reiterated Rating	$367.66	$420.00	Outperform
BSY Bentley Systems	5/8/2025	Boost Price Target	$47.11	$55.00	Outperform
VRNS Varonis Systems	5/7/2025	Boost Price Target	$45.98	$58.00	Outperform
QLYS Qualys	5/7/2025	Boost Price Target	$128.09	$140.00	Sector Perform
GEN Gen Digital	5/7/2025	Boost Price Target	$27.95	$30.00	Sector Perform
DDOG Datadog	5/7/2025	Reiterated Rating	$104.74	$119.00	Outperform
NOW ServiceNow	5/6/2025	Boost Price Target	$194.91	$220.00	Outperform
FFIV F5	4/29/2025	Reiterated Rating	$265.53	$290.00	Sector Perform
NOW ServiceNow	4/24/2025	Boost Price Target	$188.70	$212.00	Outperform
CYBR CyberArk Software	4/11/2025	Reiterated Rating	$344.21	$420.00	Outperform

PATH UiPath	3/26/2025	Reiterated Rating	$11.19	$13.00	Sector Perform
PD PagerDuty	3/14/2025	Lower Price Target	$18.04	$22.00	Outperform
EVCM EverCommerce	3/14/2025	Lower Price Target	$9.53	$11.00	Outperform
PATH UiPath	3/13/2025	Lower Price Target	$10.10	$13.00	Sector Perform
NET Cloudflare	3/13/2025	Lower Price Target	$113.51	$148.00	Outperform
SAIL SailPoint	3/10/2025	Initiated Coverage	$22.05	$27.00	Outperform
IOT Samsara	3/7/2025	Lower Price Target	$34.74	$54.00	Outperform
ZS Zscaler	3/6/2025	Boost Price Target	$208.58	$250.00	Outperform
OKTA Okta	3/4/2025	Boost Price Target	$101.94	$120.00	Outperform
NABL N-able	3/4/2025	Lower Price Target	$6.94	$10.00	Outperform
GTLB GitLab	3/4/2025	Reiterated Rating	$57.92	$80.00	Outperform
SNOW Snowflake	2/27/2025	Boost Price Target	$180.31	$221.00	Outperform
NTNX Nutanix	2/27/2025	Boost Price Target	$77.53	$95.00	Outperform
CHKP Check Point Software Technologies	2/27/2025	Reiterated Rating	$218.99	$215.00	Sector Perform
BASE Couchbase	2/26/2025	Lower Price Target	$18.28	$22.00	Outperform
TDC Teradata	2/12/2025	Lower Price Target	$24.78	$29.00	Sector Perform
PANW Palo Alto Networks	2/10/2025	Reiterated Rating	$197.88	$225.00	Outperform
NET Cloudflare	2/7/2025	Boost Price Target	$169.12	$170.00	Outperform
QLYS Qualys	2/7/2025	Lower Price Target	$135.80	$135.00	Sector Perform
CSGS CSG Systems International	2/6/2025	Boost Price Target	$65.22	$69.00	Outperform
DT Dynatrace	1/31/2025	Boost Price Target	$58.45	$69.00	Outperform
CHKP Check Point Software Technologies	1/31/2025	Boost Price Target	$219.29	$215.00	Sector Perform
NTCT NetScout Systems	1/31/2025	Boost Price Target	$24.03	$25.00	Sector Perform
NOW ServiceNow	1/30/2025	Reiterated Rating	$199.22	$242.00	Outperform
FFIV F5	1/29/2025	Boost Price Target	$299.32	$310.00	Sector Perform
IBM International Business Machines	1/27/2025	Reiterated Rating	$222.39	$250.00	Outperform
NABL N-able	1/21/2025	Lower Price Target	$9.31	$12.00	Outperform
JAMF Jamf	1/21/2025	Lower Price Target	$14.56	$19.00	Outperform
OKTA Okta	10/17/2024	Lower Price Target	$75.81	$101.00	Outperform

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