Analysts are bullish on two major technology companies, International Business Machines (IBM) and Dynatrace (DT), according to recent reports. DBS analyst Sachin Mittal maintained a Buy rating on IBM, setting a price target of $290.00. The stock closed last Tuesday at $250.25, near its 52-week high of $266.45. Mittal, a 5-star analyst with an average return of 18.8% and a 65.7% success rate, covers stocks like Uber Technologies and Accenture. The consensus among analysts is a Moderate Buy, with a price target of $266.94, suggesting a 6.0% upside from current levels. TipRanks also upgraded IBM to Buy with a $249.00 price target on October 11.
Meanwhile, Ryan MacWilliams from Wells Fargo maintained a Buy rating on Dynatrace, with a price target of $75.00. The company’s shares closed last Tuesday at $64.02. MacWilliams, another 5-star analyst with a 22.6% average return and a 64.3% success rate, focuses on stocks like Zoom Communications and Klaviyo. The consensus for Dynatrace is a Strong Buy, with a price target of $67.44, representing a 5.0% upside. Barclays also maintained a Buy rating on Dynatrace with a $71.00 price target on October 12.