Analysts Are Bullish on Top Technology Stocks: Western Digital (WDC), Workday (WDAY)

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There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Western Digital (WDCResearch Report) and Workday (WDAYResearch Report) with bullish sentiments.

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Western Digital (WDC)

Evercore ISI analyst Amit Daryanani maintained a Buy rating on Western Digital today and set a price target of $85.00. The company’s shares closed last Tuesday at $73.02.

According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 13.8% and a 62.2% success rate. Daryanani covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, International Business Machines, and Hewlett Packard Enterprise.

Currently, the analyst consensus on Western Digital is a Strong Buy with an average price target of $88.69, a 27.9% upside from current levels. In a report issued on November 15, Citi also maintained a Buy rating on the stock with a $87.00 price target.

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Workday (WDAY)

In a report released today, Kirk Materne from Evercore ISI maintained a Buy rating on Workday, with a price target of $310.00. The company’s shares closed last Tuesday at $270.19.

According to TipRanks.com, Materne is a 5-star analyst with an average return of 14.2% and a 67.6% success rate. Materne covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Tyler Technologies, and LiveRamp Holdings.

Workday has an analyst consensus of Moderate Buy, with a price target consensus of $292.62, which is an 8.8% upside from current levels. In a report issued on November 18, Scotiabank also initiated coverage with a Buy rating on the stock with a $340.00 price target.

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