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Analysts Offer Insights on Technology Companies: Okta (OKTA) and Nextpower Inc (NXT)

Tipranks - Tipranks - Sat May 30, 5:16AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Okta (OKTA) and Nextpower Inc (NXT) with bullish sentiments.

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Okta (OKTA)

BTIG analyst Gray Powell reiterated a Buy rating on Okta yesterday and set a price target of $119.00. The company’s shares closed last Thursday at $94.72.

According to TipRanks.com, Powell is a 5-star analyst with an average return of 10.0% and a 56.9% success rate. Powell covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Rubrik, Inc. Class A, and Palo Alto Networks. ;'>

Currently, the analyst consensus on Okta is a Strong Buy with an average price target of $104.82, a 14.3% upside from current levels. In a report issued on May 26, Arete Research also upgraded the stock to Buy with a $127.00 price target.

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Nextpower Inc (NXT)

In a report released today, Praneeth Satish from Wells Fargo maintained a Buy rating on Nextpower Inc, with a price target of $151.00. The company’s shares closed last Thursday at $137.17.

Satish has an average return of 56.6% when recommending Nextpower Inc. ;'>

According to TipRanks.com, Satish is ranked #2391 out of 12284 analysts.

Nextpower Inc has an analyst consensus of Strong Buy, with a price target consensus of $147.80, a 9.5% upside from current levels. In a report issued on May 14, Jefferies also maintained a Buy rating on the stock with a $145.00 price target.

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