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Analyst Tracker/Matthew Hedberg
RBC

Matthew Hedberg

Wall Street Analyst
★★★★☆
#721
on 13Foresight · ranked by our own returns
62%
Success Rate
+5.7%
Average Return
69 of 112 calls profitable · +2.9% vs benchmark
S&P 500 (SPY)
📈 Across the calls we could measure, roughly 62% of Matthew Hedberg's ratings turned a profit when each position was held for 1 year — averaging +5.7% per rating. These figures are computed by 13Foresight from historical prices, not supplied by the analyst.

Rating Distribution

227 Buy 94 Hold 0 Sell
Matthew's Stock Coverage 59 ratings · 2026-08-12
Company Date Position Consensus Price Target 1-Yr Return vs S&P 500
NABL
N-able
Aug 10, 2026 HOLD Buy
+140.8% avg upside
8 analysts
$4.00
26.91% Upside
-1.9% ·
RPD
Rapid7
Aug 10, 2026 HOLD Hold
+91.6% avg upside
29 analysts
$12.00
10.32% Downside
· ·
GEN
Gen Digital
Aug 07, 2026 HOLD Buy
-2.4% avg upside
41 analysts
$30.00
3.36% Upside
+0.0% ·
NET
Cloudflare
Aug 07, 2026 BUY Strong Buy
-9.1% avg upside
45 analysts
$346.00
12.76% Upside
+3.7% ·
DDOG
Datadog
Aug 06, 2026 BUY Strong Buy
+0.5% avg upside
52 analysts
$280.00
13.43% Upside
+5.0% ·
EVCM
EverCommerce
Aug 06, 2026 HOLD Buy
+21.6% avg upside
18 analysts
$10.00
0.77% Upside
+2.9% ·
BSY
Bentley Systems
Aug 06, 2026 BUY Strong Buy
+31.1% avg upside
19 analysts
$48.00
32.35% Upside
+1.8% ·
NTCT
Netscout Systems
Aug 06, 2026 HOLD Hold
-16.8% avg upside
7 analysts
$43.00
11.34% Upside
-4.2% ·
TDC
Teradata
Aug 05, 2026 HOLD Hold
+24.3% avg upside
20 analysts
$34.00
26.63% Upside
+4.4% ·
DT
Dynatrace
Aug 05, 2026 BUY Strong Buy
+19.3% avg upside
53 analysts
$59.00
18.79% Upside
-2.8% ·
QLYS
Qualys
Aug 04, 2026 HOLD Buy
-22.6% avg upside
29 analysts
$180.00
4.36% Downside
+16.2% ·
CHKP
Check Point
Jul 30, 2026 HOLD Buy
+12.8% avg upside
48 analysts
$135.00
4.61% Upside
+0.7% ·
OKTA
Okta
Jul 30, 2026 BUY Strong Buy
-16.9% avg upside
55 analysts
$145.00
3.60% Downside
+7.6% ·
PTC
PTC
Jul 30, 2026 BUY Strong Buy
-3.1% avg upside
31 analysts
$195.00
29.58% Upside
-65.6% ·
VRNS
Varonis Systems
Jul 29, 2026 BUY Strong Buy
+23.6% avg upside
38 analysts
$52.00
23.49% Upside
+3.4% ·
FFIV
F5, Inc.
Jul 27, 2026 BUY Buy
-29.5% avg upside
33 analysts
$508.00
22.71% Upside
+3.7% ·
NOW
ServiceNow
Jul 23, 2026 BUY Strong Buy
+63.4% avg upside
59 analysts
$130.00
1.88% Upside
+35.9% ·
SNOW
Snowflake
Jul 16, 2026 BUY Strong Buy
-13.4% avg upside
63 analysts
$313.00
6.30% Downside
+23.1% ·
OCTV
Octave Intelligence
Jul 15, 2026 HOLD Buy
+10.7% avg upside
6 analysts
$21.00
6.56% Upside
+15.7% ·
CRWD
CrowdStrike Holdings
Jul 02, 2026 BUY Strong Buy
-15.7% avg upside
61 analysts
$188.75
14.87% Downside
+14.3% ·
IOT
Samsara
Jun 25, 2026 BUY Strong Buy
+12.2% avg upside
28 analysts
$42.00
4.16% Upside
+35.2% ·
SAIL
SailPoint, Inc.
Jun 16, 2026 BUY Strong Buy
+6.2% avg upside
38 analysts
$19.00
0.32% Downside
+37.8% ·
ZS
Zscaler
Jun 09, 2026 BUY Strong Buy
+23.3% avg upside
50 analysts
$200.00
11.96% Upside
+40.9% ·
NTSK
Netskope, Inc.
Jun 04, 2026 BUY Strong Buy
+4.8% avg upside
18 analysts
$13.00
15.44% Downside
+49.5% ·
GTLB
Gitlab
Jun 03, 2026 HOLD Buy
-2.5% avg upside
36 analysts
$29.00
31.11% Downside
+32.2% ·
PANW
Palo Alto Networks
Jun 03, 2026 BUY Strong Buy
-26.2% avg upside
73 analysts
$330.00
14.06% Downside
+38.0% ·
PATH
UiPath
May 29, 2026 HOLD Buy
+27.1% avg upside
26 analysts
$12.00
23.67% Downside
+33.0% ·
PD
PagerDuty
May 29, 2026 HOLD Buy
+77.0% avg upside
20 analysts
$9.00
24.15% Downside
+17.5% ·
ESTC
Elastic
May 29, 2026 BUY Buy
+11.0% avg upside
38 analysts
$70.00
8.27% Downside
+18.0% ·
ADSK
Autodesk
May 29, 2026 BUY Strong Buy
+20.0% avg upside
45 analysts
$305.00
21.28% Upside
+9.7% ·
NTNX
Nutanix
May 28, 2026 BUY Strong Buy
-8.9% avg upside
34 analysts
$58.00
9.87% Downside
+32.5% ·
CVLT
CommVault Systems
Apr 12, 2026 HOLD Strong Buy
-16.9% avg upside
29 analysts
$100.00
28.25% Downside
+55.8% ·
WAY
Waystar Holding Corp.
Jan 05, 2026 BUY Strong Buy
+52.2% avg upside
30 analysts
$50.00
105.75% Upside
-22.9% ·
APA
APA
Oct 12, 2025 HOLD Hold
-9.1% avg upside
41 analysts
$24.00
40.95% Downside
+86.0% ·
OM
Outset Medical
May 20, 2025 HOLD Buy
+246.8% avg upside
8 analysts
$21.00
335.76% Upside
-77.5% ·
XMTR
Xometry
Apr 15, 2024 HOLD Strong Buy
-20.0% avg upside
20 analysts
$23.00
74.80% Downside
+29.8% ·
ADBE
Adobe
Mar 16, 2023 BUY Buy
+15.3% avg upside
54 analysts
$395.00
49.74% Upside
+39.4% ·
DV
DoubleVerify Holdings
May 09, 2022 BUY Buy
+39.7% avg upside
22 analysts
$31.00
133.99% Upside
+41.2% ·
GTM
ZoomInfo Technologies
Jun 15, 2021 BUY Sell
+311.4% avg upside
32 analysts
$60.00
1370.64% Upside
-24.5% ·
TYL
Tyler Technologies
Jun 08, 2021 BUY Strong Buy
+43.4% avg upside
29 analysts
$500.00
54.74% Upside
-12.0% ·
ASAN
Asana
Jun 04, 2021 BUY Buy
+82.3% avg upside
26 analysts
$45.00
386.39% Upside
-42.6% ·
ZM
Zoom Video Communications
Jun 02, 2021 BUY Buy
+30.0% avg upside
46 analysts
$480.00
352.55% Upside
-65.7% ·
CRM
Salesforce
May 28, 2021 BUY Strong Buy
+23.1% avg upside
71 analysts
$290.00
46.79% Upside
-30.7% ·
WDAY
Workday
May 27, 2021 BUY Buy
+10.0% avg upside
54 analysts
$280.00
54.48% Upside
-30.8% ·
INTU
Intuit
May 26, 2021 BUY Strong Buy
+42.1% avg upside
45 analysts
$525.00
56.05% Upside
-7.8% ·
PLTR
Palantir Technologies
May 12, 2021 HOLD Strong Buy
+7.1% avg upside
30 analysts
$20.00
88.67% Downside
· ·
DBX
Dropbox
May 07, 2021 BUY Buy
-14.9% avg upside
22 analysts
$28.00
17.81% Downside
-14.4% ·
PCTY
Paylocity
May 07, 2021 BUY Strong Buy
+18.9% avg upside
30 analysts
$215.00
48.27% Upside
+7.8% ·
QTWO
Q2 Holdings
May 07, 2021 BUY Strong Buy
+19.6% avg upside
26 analysts
$120.00
89.33% Upside
-53.4% ·
TWLO
Twilio
May 06, 2021 BUY Strong Buy
-12.6% avg upside
41 analysts
$415.00
62.21% Upside
-64.7% ·
HUBS
HubSpot
May 06, 2021 BUY Strong Buy
+31.3% avg upside
46 analysts
$610.00
176.62% Upside
-27.4% ·
PAYC
Paycom
May 05, 2021 BUY Buy
+11.8% avg upside
32 analysts
$430.00
102.53% Upside
-11.7% ·
MSFT
Microsoft
Apr 28, 2021 BUY Strong Buy
-13.3% avg upside
94 analysts
$290.00
42.36% Downside
+14.7% ·
DE:SAP
SAP SE
Jul 18, 2019 BUY Strong Buy
+16.7% avg upside
37 analysts
$167.00
7.65% Downside
+23.1% ·
SAP
SAP SE
Jan 17, 2018 HOLD Strong Buy
-18.1% avg upside
30 analysts
$120.00
42.74% Downside
-5.4% ·
ORCL
Oracle
Jun 22, 2017 BUY Strong Buy
+50.7% avg upside
70 analysts
$53.00
63.58% Downside
-10.9% ·
AKAM
Akamai
May 02, 2017 HOLD Buy
+10.0% avg upside
44 analysts
$58.00
50.32% Downside
+14.6% ·
ADP
Automatic Data Processing
Jan 20, 2017 HOLD Hold
-8.4% avg upside
28 analysts
$99.00
63.51% Downside
+20.2% ·
FTNT
Fortinet
Aug 25, 2016 HOLD Buy
-24.5% avg upside
60 analysts
$37.00
77.12% Downside
· ·
🔒 54 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 61% of Matthew's ratings were profitable over a one-year hold, with an average return of +5.8% per rating, or +3.0% 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 #721 with a 4-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 NABL, RPD, GEN, NET, DDOG, EVCM, BSY, NTCT, TDC, DT, QLYS, CHKP and 47 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.