Analysts have been eager to weigh in on the Technology sector with new ratings on Dynatrace (DT) and Infinera (INFN).
Dynatrace (DT)
In a report released today, Matthew Hedberg from RBC Capital maintained a Buy rating on Dynatrace, with a price target of $38.00. The company’s shares closed last Wednesday at $32.69.
According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 20.6% and a 70.9% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and CrowdStrike Holdings.
Dynatrace has an analyst consensus of Strong Buy, with a price target consensus of $36.00, implying a 7.4% upside from current levels. In a report issued on May 7, Needham also initiated coverage with a Buy rating on the stock with a $36.00 price target.
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Infinera (INFN)
In a report released today, Jeff Kvaal from Nomura maintained a Hold rating on Infinera, with a price target of $5.00. The company’s shares closed last Wednesday at $4.44.
According to TipRanks.com, Kvaal is a 5-star analyst with an average return of 7.6% and a 57.1% success rate. Kvaal covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and CommScope Holding.
Infinera has an analyst consensus of Moderate Buy, with a price target consensus of $7.25, implying a 47.1% upside from current levels. In a report released today, Northland Securities also downgraded the stock to Hold with a $5.00 price target.
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