Analysts have been eager to weigh in on the Technology sector with new ratings on VMware (VMW) and Okta (OKTA).
VMware (VMW)
Wedbush analyst Daniel Ives maintained a Buy rating on VMware today and set a price target of $175.00. The company’s shares closed last Thursday at $142.44.
According to TipRanks.com, Ives is a 5-star analyst with an average return of 8.5% and a 62.2% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Palo Alto Networks.
Currently, the analyst consensus on VMware is a Moderate Buy with an average price target of $155.64, implying a 10.9% upside from current levels. In a report issued on May 27, BMO Capital also maintained a Buy rating on the stock with a $152.00 price target.
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Okta (OKTA)
Needham analyst Alex Henderson assigned a Hold rating to Okta today. The company’s shares closed last Thursday at $183.92, close to its 52-week high of $196.90.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 16.4% and a 55.4% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and Forescout Technologies.
Okta has an analyst consensus of Moderate Buy, with a price target consensus of $164.17, which is a -7.7% downside from current levels. In a report issued on May 21, Robert W. Baird also maintained a Hold rating on the stock.
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