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Analysts are bullish on tech stocks: Megaport and ASML Holding receive bullish ratings
Businessinsider
10-16 09:08
Ai Focus
Optimistic signals come from the tech sector, with two analysts reiterating their "buy" ratings for Megaport and ASML Holding respectively. Market expectations generally indicate that these two stocks still have significant upside potential compared to their current levels.
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There are many reasons to be optimistic about the tech sector, and two analysts have just expressed bullish views on Megaport ( MGPPF ) and ASML Holding ( ASML ) respectively.

Megaport （ MGPPF ）

In a report released today, analyst Chris Savage from Bell Potter maintained a "buy" rating for Megaport with a target price of A$26.00. The company's stock closed at $13.75 last Friday.

According to the data from TipRanks.com, Savage ranks 11,595th out of 12,527 analysts.

Overall, Wall Street analysts have unanimously rated Megaport as a "strong buy," with an average target price of $19.28, which indicates a potential upside of 40.2% from the current level. In a report released on September 30, TipRanks – Google also upgraded the stock to "buy" with a target price of A$23.00.

ASML Holding （ ASML ）

Bank of America Securities analyst Didier Scemama maintained a “buy” rating on ASML Holding today. The company’s stock closed at $1,650.00 last Wednesday.

According to the data from TipRanks.com, Scemama ranks 2,670 out of 12,527 analysts.

Overall, Wall Street analysts have unanimously rated ASML Holding as a "strong buy," with an average target price of $2,460.08, which indicates a potential upside of 46.7% from the current level. In a report released on October 6th, Royal Bank of Canada Capital Markets (RBC Capital) also reiterated their "buy" rating for the stock, with a target price of $2,100.00.

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