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Analysts Offer Insights on Technology Companies: Wisetech Global (OtherWTCHF) and Megaport (OtherMGPPF)

Tipranks - Tipranks - Fri Apr 24, 7:54PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Wisetech Global (WTCHF) and Megaport (MGPPF) with bullish sentiments.

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Wisetech Global (WTCHF)

In a report released today, James Filius from Morgans maintained a Buy rating on Wisetech Global, with a price target of A$70.40. The company’s shares closed last Thursday at $27.21.

According to TipRanks.com, Filius is ranked #10012 out of 12212 analysts.

Currently, the analyst consensus on Wisetech Global is a Strong Buy with an average price target of $55.06, a 102.8% upside from current levels. In a report issued on April 16, Rothschild & Co Redburn also upgraded the stock to Buy with a A$60.00 price target.

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Megaport (MGPPF)

Morgans analyst Nick Harris maintained a Buy rating on Megaport today and set a price target of A$13.50. The company’s shares closed last Friday at $6.11.

Harris has an average return of 29.1% when recommending Megaport. ;'>

According to TipRanks.com, Harris is ranked #10602 out of 12212 analysts.

Currently, the analyst consensus on Megaport is a Strong Buy with an average price target of $11.23, implying an 83.8% upside from current levels. In a report issued on April 12, Citi also maintained a Buy rating on the stock with a A$14.65 price target.

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