Analysts have been eager to weigh in on the Technology sector with new ratings on Okta (OKTA) and Hewlett Packard Enterprise (HPE).
Okta (OKTA)
In a report issued on November 27, Matthew Hedberg from RBC Capital maintained a Buy rating on Okta, with a price target of $255.00. The company’s shares closed last Friday at $237.83, close to its 52-week high of $251.18.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 30.1% and a 77.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and CrowdStrike Holdings.
Okta has an analyst consensus of Moderate Buy, with a price target consensus of $260.40, an 8.5% upside from current levels. In a report issued on November 23, KeyBanc also initiated coverage with a Buy rating on the stock with a $282.00 price target.
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Hewlett Packard Enterprise (HPE)
In a report issued on November 27, Robert Muller from RBC Capital maintained a Hold rating on Hewlett Packard Enterprise, with a price target of $12.00. The company’s shares closed last Friday at $11.22.
According to TipRanks.com, Muller is a 4-star analyst with an average return of 33.7% and a 77.8% success rate. Muller covers the Technology sector, focusing on stocks such as National Instruments, Dell Technologies, and Juniper Networks.
Hewlett Packard Enterprise has an analyst consensus of Moderate Buy, with a price target consensus of $11.64.
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