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 Mynaric AG (MOYFF – Research Report) with bullish sentiments.
Xero Limited (XROLF)
In a report released yesterday, Ord Minnett from Ord Minnett maintained a Buy rating on Xero Limited, with a price target of A$97.00. The company’s shares closed last Wednesday at $57.25, close to its 52-week low of $51.94.
Currently, the analyst consensus on Xero Limited is a Strong Buy with an average price target of $67.78.
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Mynaric AG (MOYFF)
In a report issued on July 11, Hugo Paternoster from Kepler Capital maintained a Buy rating on Mynaric AG, with a price target of EUR60.00. The company’s shares closed last Friday at $30.00, close to its 52-week low of $28.03.
According to TipRanks.com, Paternoster is ranked #5282 out of 7979 analysts.
Currently, the analyst consensus on Mynaric AG is a Moderate Buy with an average price target of $64.28, representing a 123.6% upside. In a report issued on July 6, Stifel Nicolaus also maintained a Buy rating on the stock with a EUR70.00 price target.
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