There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Triterras (TRIT) and PowerFleet (PWFL) with bullish sentiments.
Triterras (TRIT)
Oppenheimer analyst Owen Lau maintained a Buy rating on Triterras yesterday and set a price target of $23.00. The company’s shares closed last Friday at $12.91.
According to TipRanks.com, Lau is a 4-star analyst with an average return of 11.6% and a 72.2% success rate. Lau covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Focus Financial Partners, and Victory Capital Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Triterras with a $19.00 average price target.
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PowerFleet (PWFL)
In a report released yesterday, Michael Walkley from Canaccord Genuity maintained a Buy rating on PowerFleet, with a price target of $12.00. The company’s shares closed last Friday at $8.45, close to its 52-week high of $8.90.
According to TipRanks.com, Walkley is a top 100 analyst with an average return of 26.4% and a 72.2% success rate. Walkley covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Sequans Communications S A, and Synchronoss Technologies.
Currently, the analyst consensus on PowerFleet is a Strong Buy with an average price target of $10.25.
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