ASX 200 tech shares are outperforming the market on Friday.
The S&P/ASX 200 Index (ASX: XJO) is currently down 0.22% after setting a new high of 9,025.5 points early this morning.
Meanwhile, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is currently up 0.37%.
In this article, we review some expert analysis of three popular stocks within the ASX 200 tech sector.
Bell Potter has a buy rating on this ASX 200 tech share darling after the company reported 2Q FY25 revenue of US$115.4 million.
That was 6% ahead of Bell Potter's forecast of US$109.1 million.
Life360 also surprised with an adjusted EBITDA of US$20.3 million, which was 59% above Bell Potter's forecast of US$12.8 million.
So, it's hardly surprising that Bell Potter has maintained its buy rating and increased its 12-month share price target by 27%!
The new price target for Life360 shares is $47.50.
Life360 shares are trading at $44.52 on Friday, up 2.1%.
This means Bell Potter's price prediction implies about 7% share price growth over the next year.
Experts say it's time to sell these ASX 200 tech shares after strong price growth.
On The Bull this week, Tony Locantro from Alto Capital revealed a sell rating on the biggest ASX 200 tech share on the market.
Locantro notes that Wisetech recently completed the $US2.1 billion acquisition of US-based company, e2open.
Wisetech funded the acquisition with a new debt syndicated facility.
The analyst has watched Wisetech shares rise strongly from $74.83 on 4 April to $112.98 at the time of writing.
It may be time to lock in those gains, he says.
Locantro comments:
WiseTech was recently trading on a lofty price/earnings ratio of 124 times.
Share price strength creates an opportunity to lock in some profits.
Megaport provides network-as-a-service solutions to help businesses connect with cloud service providers.
Arthur Garipoli from Seneca Financial Solutions has a sell rating on Megaport shares.
Megaport shares have risen from $8.66 on 7 April to trade above $15 this month.
Garipoli reckons it may be time to take some profits off the table.
He comments:
The company has guided to increasing revenue in fiscal year 2026 due to new products and greater market penetration via an increasing sales team.
However, in our view, it appears such a positive outlook has been priced into the stock.
Any delays or issues to fiscal year 2027 sales plans is likely to be punished by the market.
We suggest investors consider taking profits while the share price exhibits strength.
The ASX 200 tech share is $14.01 at the time of writing, down 2.2%.
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