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Analyst Tracker/Matthew Hedberg
RBC

Matthew Hedberg

Wall Street Analyst
★★★☆☆
#1179
on 13Foresight · ranked by our own returns
58%
Success Rate
+5.8%
Average Return
90 of 155 calls profitable · +23.1% vs benchmark
S&P 500 (SPY)
📈 Across the calls we could measure, roughly 58% of Matthew Hedberg's ratings turned a profit when each position was held for 1 year — averaging +5.8% per rating. These figures are computed by 13Foresight from historical prices, not supplied by the analyst.

Rating Distribution

237 Buy 102 Hold 0 Sell
Matthew's Stock Coverage 61 ratings · 2026-09-30
Company Date Position Consensus ⓘ Price Target ⓘ 1-Yr Return vs S&P 500 ⓘ
GEN
Gen Digital
Sep 28, 2026 HOLD Buy
+35.1% avg upside
41 analysts
$26.00
24.64% Upside
· ·
ZS
Zscaler
Sep 24, 2026 BUY Strong Buy
+16.2% avg upside
51 analysts
$236.00
18.96% Upside
-7.1% ·
OKTA
Okta
Sep 23, 2026 BUY Strong Buy
-11.9% avg upside
57 analysts
$230.00
12.18% Upside
-4.0% ·
PATH
UiPath
Sep 22, 2026 HOLD Hold
+69.0% avg upside
26 analysts
$15.00
21.84% Upside
-8.2% ·
ADSK
Autodesk
Sep 16, 2026 BUY Strong Buy
+48.4% avg upside
48 analysts
$305.00
50.06% Upside
-4.1% ·
SAIL
SailPoint, Inc.
Sep 09, 2026 BUY Strong Buy
+5.7% avg upside
39 analysts
$22.00
6.38% Upside
+17.0% ·
FROG
JFrog
Sep 03, 2026 BUY Strong Buy
+8.0% avg upside
31 analysts
$118.00
30.52% Upside
-1.6% ·
NTSK
Netskope, Inc.
Sep 03, 2026 BUY Strong Buy
+6.8% avg upside
19 analysts
$20.00
15.82% Upside
+24.5% ·
IOT
Samsara
Sep 03, 2026 BUY Strong Buy
+30.9% avg upside
28 analysts
$55.00
44.81% Upside
-2.5% ·
SNOW
Snowflake
Sep 03, 2026 BUY Strong Buy
+11.4% avg upside
64 analysts
$440.00
33.22% Upside
-7.3% ·
CRWD
CrowdStrike Holdings
Sep 03, 2026 BUY Strong Buy
-13.9% avg upside
62 analysts
$260.00
1.12% Downside
+22.2% ·
PANW
Palo Alto Networks
Sep 02, 2026 BUY Strong Buy
-17.7% avg upside
74 analysts
$475.00
22.23% Upside
+18.2% ·
GTLB
Gitlab
Sep 02, 2026 HOLD Buy
+12.8% avg upside
36 analysts
$46.00
1.50% Downside
-9.3% ·
VRNS
Varonis Systems
Sep 02, 2026 BUY Strong Buy
+10.6% avg upside
39 analysts
$52.00
10.31% Upside
-1.1% ·
ESTC
Elastic
Aug 28, 2026 BUY Buy
+22.5% avg upside
39 analysts
$125.00
40.67% Upside
-12.0% ·
NTNX
Nutanix
Aug 27, 2026 BUY Strong Buy
-3.8% avg upside
35 analysts
$90.00
28.32% Upside
-2.6% ·
PD
PagerDuty
Aug 27, 2026 HOLD Buy
+53.2% avg upside
20 analysts
$12.00
19.79% Downside
+17.4% ·
TEAM
Atlassian
Aug 26, 2026 BUY Strong Buy
+21.3% avg upside
44 analysts
$215.00
22.12% Upside
+6.0% ·
DT
Dynatrace
Aug 13, 2026 BUY Strong Buy
+5.3% avg upside
54 analysts
$59.00
2.54% Upside
+13.4% ·
OCTV
Octave Intelligence
Aug 12, 2026 HOLD Buy
+16.7% avg upside
7 analysts
$21.00
12.72% Upside
-1.3% ·
RPD
Rapid7
Aug 10, 2026 HOLD Hold
+118.4% avg upside
29 analysts
$12.00
2.48% Upside
+0.9% ·
NABL
N-able
Aug 10, 2026 HOLD Buy
+73.4% avg upside
8 analysts
$4.00
4.73% Downside
+24.6% ·
NET
Cloudflare
Aug 07, 2026 BUY Strong Buy
-19.7% avg upside
45 analysts
$346.00
1.69% Downside
+17.3% ·
DDOG
Datadog
Aug 06, 2026 BUY Strong Buy
-6.2% avg upside
55 analysts
$280.00
4.34% Upside
+17.1% ·
EVCM
EverCommerce
Aug 06, 2026 HOLD Buy
+51.0% avg upside
18 analysts
$10.00
24.80% Upside
-23.8% ·
BSY
Bentley Systems
Aug 06, 2026 BUY Buy
+50.8% avg upside
19 analysts
$48.00
54.19% Upside
-10.9% ·
NTCT
Netscout Systems
Aug 06, 2026 HOLD Hold
-17.9% avg upside
7 analysts
$43.00
10.17% Upside
-1.7% ·
TDC
Teradata
Aug 05, 2026 HOLD Hold
+17.2% avg upside
20 analysts
$34.00
18.45% Upside
+10.3% ·
QLYS
Qualys
Aug 04, 2026 HOLD Buy
-17.3% avg upside
30 analysts
$180.00
0.99% Upside
+7.1% ·
CHKP
Check Point
Jul 30, 2026 HOLD Buy
+14.0% avg upside
49 analysts
$135.00
6.33% Upside
+0.8% ·
PTC
PTC
Jul 30, 2026 BUY Strong Buy
+5.8% avg upside
31 analysts
$195.00
41.73% Upside
+1.6% ·
FFIV
F5, Inc.
Jul 27, 2026 BUY Buy
-33.0% avg upside
33 analysts
$508.00
16.01% Upside
+6.8% ·
NOW
ServiceNow
Jul 23, 2026 BUY Strong Buy
+61.7% avg upside
59 analysts
$130.00
0.04% Upside
+41.3% ·
CVLT
CommVault Systems
Apr 12, 2026 HOLD Buy
-21.3% avg upside
30 analysts
$100.00
31.67% Downside
+62.4% ·
WAY
Waystar Holding Corp.
Jan 05, 2026 BUY Strong Buy
+48.7% avg upside
30 analysts
$50.00
99.37% Upside
-21.1% ·
APA
APA
Oct 12, 2025 HOLD Hold
-5.5% avg upside
42 analysts
$24.00
43.03% Downside
+100.4% ·
OM
Outset Medical
May 20, 2025 HOLD Buy
+456.6% avg upside
8 analysts
$21.00
593.07% Upside
-77.5% ·
XMTR
Xometry
Apr 15, 2024 HOLD Strong Buy
-19.7% avg upside
21 analysts
$23.00
77.92% Downside
+29.8% ·
ADBE
Adobe
Mar 16, 2023 BUY Buy
+33.7% avg upside
55 analysts
$395.00
69.33% Upside
+39.4% ·
DV
DoubleVerify Holdings
May 09, 2022 BUY Buy
+36.2% avg upside
23 analysts
$31.00
131.27% Upside
+41.2% ·
GTM
ZoomInfo Technologies
Jun 15, 2021 BUY Hold
+366.7% avg upside
32 analysts
$60.00
1552.95% Upside
-24.5% ·
TYL
Tyler Technologies
Jun 08, 2021 BUY Strong Buy
+45.5% avg upside
30 analysts
$500.00
58.12% Upside
-12.0% ·
ASAN
Asana
Jun 04, 2021 BUY Hold
+98.2% avg upside
27 analysts
$45.00
446.71% Upside
-42.6% ·
ZM
Zoom Communications Inc
Jun 02, 2021 BUY Buy
+56.7% avg upside
49 analysts
$480.00
443.24% Upside
-65.7% ·
CRM
Salesforce
May 28, 2021 BUY Strong Buy
+14.9% avg upside
72 analysts
$290.00
28.65% Upside
-30.7% ·
WDAY
Workday
May 27, 2021 BUY Buy
+15.8% avg upside
56 analysts
$280.00
48.01% Upside
-30.8% ·
INTU
Intuit
May 26, 2021 BUY Strong Buy
+63.8% avg upside
46 analysts
$525.00
95.93% Upside
-7.8% ·
PLTR
Palantir Technologies
May 12, 2021 HOLD Buy
+3.3% avg upside
30 analysts
$20.00
89.22% Downside
· ·
PCTY
Paylocity
May 07, 2021 BUY Strong Buy
+22.1% avg upside
31 analysts
$215.00
51.19% Upside
+7.8% ·
DBX
Dropbox
May 07, 2021 BUY Hold
-10.7% avg upside
22 analysts
$28.00
14.29% Downside
-14.4% ·
QTWO
Q2 Holdings
May 07, 2021 BUY Strong Buy
+39.1% avg upside
26 analysts
$120.00
117.77% Upside
-53.4% ·
TWLO
Twilio
May 06, 2021 BUY Strong Buy
-20.8% avg upside
42 analysts
$415.00
42.73% Upside
-64.7% ·
HUBS
HubSpot
May 06, 2021 BUY Strong Buy
+47.5% avg upside
47 analysts
$610.00
208.55% Upside
-27.4% ·
PAYC
Paycom
May 05, 2021 BUY Buy
+9.9% avg upside
34 analysts
$430.00
96.77% Upside
-11.7% ·
MSFT
Microsoft
Apr 28, 2021 BUY Strong Buy
-13.2% avg upside
94 analysts
$290.00
42.94% Downside
+14.7% ·
DE:SAP
SAP SE
Jul 18, 2019 BUY Strong Buy
+15.5% avg upside
37 analysts
$167.00
8.12% Downside
+23.1% ·
SAP
SAP SE
Jan 17, 2018 HOLD Strong Buy
-16.9% avg upside
30 analysts
$120.00
43.07% Downside
-5.4% ·
ORCL
Oracle
Jun 22, 2017 BUY Strong Buy
+56.8% avg upside
71 analysts
$53.00
61.49% Downside
-10.9% ·
AKAM
Akamai
May 02, 2017 HOLD Buy
+19.1% avg upside
44 analysts
$58.00
46.44% Downside
+14.6% ·
ADP
Automatic Data Processing
Jan 20, 2017 HOLD Hold
-4.5% avg upside
28 analysts
$99.00
62.11% Downside
+20.2% ·
FTNT
Fortinet
Aug 25, 2016 HOLD Buy
-29.4% avg upside
61 analysts
$37.00
78.91% Downside
· ·
🔒 56 more ratings — with price targets, crowd consensus and our measured returns.
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Matthew Hedberg — Frequently Asked Questions
How accurate are Matthew Hedberg's stock ratings?
Based on the calls 13Foresight could measure, about 58% of Matthew's ratings were profitable over a one-year hold, with an average return of +5.8% per rating, or +23.1% versus the S&P 500. We score every analyst the same way, from historical prices. Each return is measured in the stock's own trading currency, so for non-US listings the S&P 500 comparison leaves out currency moves.
How is Matthew ranked on 13Foresight?
Matthew Hedberg is currently ranked #1179 with a 3-star rating. Our rank blends hit rate, average return versus the market, and how many calls we have to judge — so a long, consistent record outweighs a few lucky picks. It is our own calculation, updated daily.
Which stocks does Matthew cover?
Matthew most recently has ratings on GEN, ZS, OKTA, PATH, ADSK, SAIL, FROG, NTSK, IOT, SNOW, CRWD, PANW and 49 more. See the full coverage table above for positions, price targets and our measured returns.
Where can I see other analyst ratings?
Browse the full analyst leaderboard to compare Wall Street analysts ranked by their measured performance, success rate and average return.

Disclaimer: 13Foresight compiles analyst ratings and price targets from publicly available sources. Performance metrics, rankings and star ratings shown here are calculated independently by 13Foresight from historical market prices and may differ from figures published elsewhere. This information may be incomplete, delayed or inaccurate, is provided for research and informational purposes only, and is not investment advice. The underlying ratings and opinions are those of the respective analysts and their firms; 13Foresight accepts no liability for any decisions made based on this data.