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Analysts Offer Insights on Technology Companies: Hewlett Packard Enterprise (HPE), SailPoint, Inc. (SAIL) and Rackspace Technology (RXT)

Tipranks - Thu Jun 18, 6:22AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Hewlett Packard Enterprise (HPE), SailPoint, Inc. (SAIL) and Rackspace Technology (RXT).

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Hewlett Packard Enterprise (HPE)

Piper Sandler analyst James Fish maintained a Hold rating on Hewlett Packard Enterprise today and set a price target of $63.00. The company’s shares closed last Tuesday at $48.38.

According to TipRanks.com, Fish is a 4-star analyst with an average return of 9.3% and a 52.8% success rate. Fish covers the Technology sector, focusing on stocks such as Zoom Video Communications, DigitalOcean Holdings, and Rubrik, Inc. Class A. ;'>

Currently, the analyst consensus on Hewlett Packard Enterprise is a Moderate Buy with an average price target of $67.73, implying a 37.8% upside from current levels. In a report issued on June 2, TipRanks – xAI also downgraded the stock to Hold with a $46.00 price target.

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SailPoint, Inc. (SAIL)

Piper Sandler analyst Rob Owens maintained a Buy rating on SailPoint, Inc. today and set a price target of $25.00. The company’s shares closed last Tuesday at $14.09.

According to TipRanks.com, Owens is a 5-star analyst with an average return of 18.2% and a 60.4% success rate. Owens covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Tenable Holdings. ;'>

Currently, the analyst consensus on SailPoint, Inc. is a Strong Buy with an average price target of $19.50, a 37.2% upside from current levels. In a report issued on June 2, TipRanks – PerPlexity also upgraded the stock to Buy with a $21.50 price target.

Rackspace Technology (RXT)

RBC Capital analyst David Paige maintained a Hold rating on Rackspace Technology yesterday and set a price target of $4.00. The company’s shares closed last Tuesday at $6.21.

According to TipRanks.com, Paige is a 5-star analyst with an average return of 45.5% and a 87.5% success rate. Paige covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, TD SYNNEX Corporation, and DXC Technology. ;'>

Rackspace Technology has an analyst consensus of Hold, with a price target consensus of $4.83, implying a -28.6% downside from current levels. In a report issued on June 1, TipRanks – Google also downgraded the stock to Hold with a $5.50 price target.

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