This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Have Conflicting Sentiments on These Technology Companies: Megaport (OtherMGPPF), ODDITY Tech Ltd. Class A (ODD) and Netskope, Inc. (NTSK)

Tipranks - Sun Jun 7, 7:24AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Megaport (MGPPF), ODDITY Tech Ltd. Class A (ODD) and Netskope, Inc. (NTSK).

Claim 55% Off TipRanks

Megaport (MGPPF)

J.P. Morgan analyst Bob Chen CFA maintained a Buy rating on Megaport yesterday and set a price target of A$28.00. The company’s shares closed last Friday at $12.55.

CFA has an average return of 29.6% when recommending Megaport. ;'>

According to TipRanks.com, CFA is ranked #9055 out of 12281 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Megaport with a $13.76 average price target, which is a -6.3% downside from current levels. In a report issued on May 28, TipRanks – PerPlexity also upgraded the stock to Buy with a A$17.00 price target.

See the top stocks recommended by analysts >>

ODDITY Tech Ltd. Class A (ODD)

In a report released yesterday, Cory Carpenter from J.P. Morgan maintained a Hold rating on ODDITY Tech Ltd. Class A, with a price target of $9.00. The company’s shares closed last Friday at $9.81.

According to TipRanks.com, Carpenter is a 1-star analyst with an average return of -2.1% and a 39.8% success rate. Carpenter covers the NA sector, focusing on stocks such as IAC/InteractiveCorp., PLAYSTUDIOS, and MediaAlpha. ;'>

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for ODDITY Tech Ltd. Class A with a $10.09 average price target, implying a -1.0% downside from current levels. In a report issued on June 2, KeyBanc also downgraded the stock to Hold.

Netskope, Inc. (NTSK)

In a report released yesterday, Brian Essex from J.P. Morgan maintained a Buy rating on Netskope, Inc., with a price target of $14.00. The company’s shares closed last Friday at $9.64, close to its 52-week low of $7.67.

According to TipRanks.com, Essex is a 4-star analyst with an average return of 8.8% and a 54.3% success rate. Essex covers the Technology sector, focusing on stocks such as International Business Machines, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Netskope, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $15.00, which is a 52.6% upside from current levels. In a report issued on May 21, Wells Fargo also maintained a Buy rating on the stock with a $14.00 price target.

Read More on MGPPF:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.