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Analysts Are Bullish on These Technology Stocks: ServiceNow (NOW), Dynatrace (DT)

Tipranks - Tue Mar 17, 7:02AM CDT

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

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ServiceNow (NOW)

In a report released today, Miller Jump from Truist Financial maintained a Buy rating on ServiceNow. The company’s shares closed last Friday at $113.62.

According to TipRanks.com, Jump is a 3-star analyst with an average return of 1.5% and a 42.2% success rate. Jump covers the Technology sector, focusing on stocks such as PagerDuty, Snowflake, and Atlassian. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ServiceNow with a $189.90 average price target, representing a 68.3% upside. In a report released today, Exane BNP Paribas also upgraded the stock to Buy with a $140.00 price target.

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Dynatrace (DT)

Stifel Nicolaus analyst Brad Reback maintained a Buy rating on Dynatrace today and set a price target of $51.00. The company’s shares closed last Friday at $38.39.

According to TipRanks.com, Reback is a 4-star analyst with an average return of 5.8% and a 47.1% success rate. Reback covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Roper Technologies, and ServiceNow. ;'>

Currently, the analyst consensus on Dynatrace is a Strong Buy with an average price target of $49.86, representing a 30.7% upside. In a report issued on March 12, Bank of America Securities also maintained a Buy rating on the stock.

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