There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Infineon Technologies AG (IFNNF – Research Report) and Okta (OKTA – Research Report) with bullish sentiments.
Infineon Technologies AG (IFNNF)
Goldman Sachs analyst Alexander Duval maintained a Buy rating on Infineon Technologies AG today and set a price target of EUR49.00. The company’s shares closed last Tuesday at $38.02, close to its 52-week high of $41.22.
According to TipRanks.com, Duval is a 5-star analyst with an average return of 9.7% and a 57.0% success rate. Duval covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, CD Projekt SA, and Logitech.
Currently, the analyst consensus on Infineon Technologies AG is a Moderate Buy with an average price target of $49.25, a 27.0% upside from current levels. In a report issued on May 22, UBS also maintained a Buy rating on the stock with a EUR49.00 price target.
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Okta (OKTA)
According to TipRanks.com, Eyal is a top 25 analyst with an average return of 25.8% and a 69.0% success rate. Eyal covers the Technology sector, focusing on stocks such as Evolv Technologies Holdings, CrowdStrike Holdings, and Palo Alto Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Okta with a $92.69 average price target, implying a 3.4% upside from current levels. In a report issued on May 30, RBC Capital also maintained a Buy rating on the stock with a $110.00 price target.
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