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Analysts Offer Insights on Technology Companies: Megaport (OtherMGPPF) and Dynatrace (DT)

Tipranks - Mon Feb 23, 6:44PM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Megaport (MGPPFResearch Report) and Dynatrace (DTResearch Report) with bullish sentiments.

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Megaport (MGPPF)

Morgans analyst Nick Harris maintained a Buy rating on Megaport yesterday and set a price target of A$15.50. The company’s shares closed last Friday at $8.25.

Harris has an average return of 50.9% when recommending Megaport. ;'>

According to TipRanks.com, Harris is ranked #9833 out of 12109 analysts.

Megaport has an analyst consensus of Strong Buy, with a price target consensus of $12.30, a 49.1% upside from current levels. In a report issued on February 18, Citi also maintained a Buy rating on the stock with a A$15.75 price target.

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Dynatrace (DT)

Jefferies analyst Brent Thill maintained a Buy rating on Dynatrace yesterday and set a price target of $45.00. The company’s shares closed last Friday at $35.40.

According to TipRanks.com, Thill is a 4-star analyst with an average return of 4.2% and a 50.5% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Procore Technologies. ;'>

Dynatrace has an analyst consensus of Strong Buy, with a price target consensus of $50.55, representing a 40.1% upside. In a report issued on February 9, Robert W. Baird also maintained a Buy rating on the stock with a $47.00 price target.

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