There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Dynatrace (DT – Research Report), Microchip (MCHP – Research Report) and Docebo (DCBO – Research Report) with bullish sentiments.
Dynatrace (DT)
Bank of America Securities analyst Koji Ikeda reiterated a Buy rating on Dynatrace yesterday and set a price target of $68.00. The company’s shares closed last Wednesday at $47.75.
According to TipRanks.com, Ikeda is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dynatrace with a $59.80 average price target, implying a 20.9% upside from current levels. In a report issued on April 30, J.P. Morgan also maintained a Buy rating on the stock with a $55.00 price target.
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Microchip (MCHP)
Citi analyst Christopher Danely reiterated a Buy rating on Microchip today and set a price target of $104.00. The company’s shares closed last Wednesday at $95.36, close to its 52-week high of $96.14.
According to TipRanks.com, Danely is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Microchip with a $100.31 average price target, representing a 6.0% upside. In a report issued on May 13, Jefferies also initiated coverage with a Buy rating on the stock with a $115.00 price target.
Docebo (DCBO)
In a report released today, Ryan MacDonald from Needham maintained a Buy rating on Docebo, with a price target of $45.00. The company’s shares closed last Wednesday at $36.80.
According to TipRanks.com, MacDonald is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Docebo with a $56.87 average price target, representing a 51.0% upside. In a report issued on May 10, Scotiabank also maintained a Buy rating on the stock with a $65.00 price target.
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Read More on DT:
- Dynatrace Earnings Update: Did it Beat Estimate Forecasts?
- Options Volatility and Implied Earnings Moves Today, May 15, 2024
- Notable companies reporting before tomorrow’s open
- Dynatrace price target lowered to $52 from $65 at Scotiabank
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