There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Xero Limited (XROLF – Research Report) and Megaport Ltd. (MGPPF – Research Report) with bullish sentiments.
Xero Limited (XROLF)
In a report released today, Siraj Ahmed from Citi maintained a Buy rating on Xero Limited, with a price target of A$159.00. The company’s shares closed last Friday at $78.00.
According to TipRanks.com, Ahmed is a 5-star analyst with an average return of
Currently, the analyst consensus on Xero Limited is a Moderate Buy with an average price target of $87.54, representing a 12.2% upside. In a report issued on April 18, UBS also maintained a Buy rating on the stock with a A$141.90 price target.
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Megaport Ltd. (MGPPF)
In a report released today, Darren Leung from Macquarie maintained a Buy rating on Megaport Ltd., with a price target of A$18.30. The company’s shares closed last Tuesday at $10.20, close to its 52-week high of $10.55.
Leung has an average return of
According to TipRanks.com, Leung is ranked #3250 out of 8800 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Megaport Ltd. with a $9.68 average price target.
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