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Analysts Offer Insights on Technology Companies: The Descartes Systems Group (DSGX), Manhattan Associates (MANH) and Oracle (ORCL)

Tipranks - Wed Jun 3, 6:52AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on The Descartes Systems Group (DSGX), Manhattan Associates (MANH) and Oracle (ORCL) with bullish sentiments.

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The Descartes Systems Group (DSGX)

In a report released today, Kevin Krishnaratne from Scotiabank maintained a Buy rating on The Descartes Systems Group, with a price target of $95.00. The company’s shares closed last Monday at $79.85.

According to TipRanks.com, Krishnaratne ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -4.2% and a 39.7% success rate. Krishnaratne covers the Technology sector, focusing on stocks such as Kyndryl Holdings Incorporation, Alithya Group, and Open Text. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Descartes Systems Group with a $102.33 average price target, a 33.5% upside from current levels. In a report issued on May 28, RBC Capital also maintained a Buy rating on the stock with a $126.00 price target.

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Manhattan Associates (MANH)

Truist Financial analyst Terry Tillman reiterated a Buy rating on Manhattan Associates today. The company’s shares closed last Monday at $161.12.

According to TipRanks.com, Tillman has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -9.3% and a 35.9% success rate. Tillman covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Zeta Global Holdings Corp, and Klaviyo, Inc. Class A. ;'>

Currently, the analyst consensus on Manhattan Associates is a Strong Buy with an average price target of $184.83, representing a 20.8% upside. In a report issued on May 18, TipRanks – xAI also upgraded the stock to Buy with a $146.00 price target.

Oracle (ORCL)

In a report released today, Patrick Colville from Scotiabank maintained a Buy rating on Oracle, with a price target of $290.00. The company’s shares closed last Monday at $248.15.

According to TipRanks.com, Colville is a 4-star analyst with an average return of 8.4% and a 53.7% success rate. Colville covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Tenable Holdings. ;'>

Currently, the analyst consensus on Oracle is a Strong Buy with an average price target of $253.04, which is a 9.8% upside from current levels. In a report released yesterday, J.P. Morgan also initiated coverage with a Buy rating on the stock.

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