There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Workday (WDAY – Research Report), Zoom Video Communications (ZM – Research Report) and DigitalOcean Holdings (DOCN – Research Report) with bullish sentiments.
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Workday (WDAY)
William Blair analyst Jake Roberge maintained a Buy rating on Workday today. The company’s shares closed last Tuesday at $255.22.
According to TipRanks.com, Roberge is a 1-star analyst with an average return of -1.2% and a 44.3% success rate. Roberge covers the Technology sector, focusing on stocks such as Mitek Systems, Dayforce Inc, and Pegasystems.
Currently, the analyst consensus on Workday is a Moderate Buy with an average price target of $298.77, a 15.2% upside from current levels. In a report issued on February 18, Bank of America Securities also maintained a Buy rating on the stock with a $285.00 price target.
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Zoom Video Communications (ZM)
Evercore ISI analyst Peter Levine maintained a Buy rating on Zoom Video Communications yesterday and set a price target of $115.00. The company’s shares closed last Tuesday at $74.22.
According to TipRanks.com, Levine is a 4-star analyst with an average return of 11.1% and a 53.3% success rate. Levine covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Bill.com Holdings.
Currently, the analyst consensus on Zoom Video Communications is a Moderate Buy with an average price target of $91.85, representing a 18.3% upside. In a report issued on February 24, RBC Capital also maintained a Buy rating on the stock with a $95.00 price target.
DigitalOcean Holdings (DOCN)
JMP Securities analyst Patrick Walravens maintained a Buy rating on DigitalOcean Holdings yesterday and set a price target of $55.00. The company’s shares closed last Tuesday at $40.83.
According to TipRanks.com, Walravens is a 5-star analyst with an average return of 8.3% and a 51.4% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Pegasystems.
DigitalOcean Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $45.10, which is a 0.2% upside from current levels. In a report released yesterday, William Blair also maintained a Buy rating on the stock.
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