Analysts have been eager to weigh in on the Technology sector with new ratings on Exfo (EXFO) and Okta (OKTA).
Exfo (EXFO)
BMO Capital analyst Thanos Moschopoulos maintained a Hold rating on Exfo today and set a price target of $5.00. The company’s shares closed last Thursday at $4.17.
According to TipRanks.com, Moschopoulos is a 4-star analyst with an average return of 17.8% and a 68.7% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as Maxar Technologies, Sierra Wireless, and CGI Group.
Currently, the analyst consensus on Exfo is a Moderate Buy with an average price target of $4.75, which is an 8.2% upside from current levels. In a report released today, National Bank also maintained a Hold rating on the stock with a $4.50 price target.
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Okta (OKTA)
In a report released today, Keith Bachman from BMO Capital maintained a Buy rating on Okta, with a price target of $265.00. The company’s shares closed last Thursday at $232.75.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 17.3% and a 66.1% success rate. Bachman covers the Technology sector, focusing on stocks such as TELUS International (CDA), Qualtrics International, and DXC Technology Company.
Currently, the analyst consensus on Okta is a Moderate Buy with an average price target of $273.00, implying a 22.7% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $295.00 price target.
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