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Analysts Offer Insights on Technology Companies: Harmonic (HLIT), Monolithic Power (MPWR) and Okta (OKTA)

Tipranks - Tipranks - Tue Jun 16, 6:20AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Harmonic (HLIT), Monolithic Power (MPWR) and Okta (OKTA).

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Harmonic (HLIT)

In a report released today, Steve Frankel from Rosenblatt Securities reiterated a Buy rating on Harmonic, with a price target of $20.00. The company’s shares closed last Friday at $14.93, close to its 52-week high of $15.46.

Frankel has an average return of 12.5% when recommending Harmonic. ;'>

According to TipRanks.com, Frankel is ranked #2674 out of 12307 analysts.

Currently, the analyst consensus on Harmonic is a Moderate Buy with an average price target of $16.60.

See the top stocks recommended by analysts >>

Monolithic Power (MPWR)

Oppenheimer analyst Rick Schafer maintained a Buy rating on Monolithic Power on June 12 and set a price target of $1700.00. The company’s shares closed last Friday at $1577.32.

According to TipRanks.com, Schafer is a top 25 analyst with an average return of 34.3% and a 73.8% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monolithic Power with a $1800.91 average price target, representing a 13.1% upside. In a report issued on June 1, Wells Fargo also maintained a Buy rating on the stock with a $1860.00 price target.

Okta (OKTA)

In a report released yesterday, Richard Poland from Wells Fargo assigned a Hold rating to Okta, with a price target of $130.00. The company’s shares closed last Friday at $116.29, close to its 52-week high of $118.07.

According to TipRanks.com, Poland has 0 stars on 0-5 stars ranking scale with an average return of -21.3% and a 0.0% success rate. Poland covers the Technology sector, focusing on stocks such as Tenable Holdings, SailPoint, Inc., and Netskope, Inc. ;'>

Currently, the analyst consensus on Okta is a Strong Buy with an average price target of $119.12, implying a 1.1% upside from current levels. In a report issued on June 2, TipRanks – OpenAI also downgraded the stock to Hold with a $152.00 price target.

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