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Analysts Are Bullish on These Technology Stocks: Okta (OKTA), Grid Dynamics Holdings (GDYN)

Tipranks - Tipranks - Sat Aug 1, 12:38AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Okta (OKTA), Grid Dynamics Holdings (GDYN) and Cohu (COHU) with bullish sentiments.

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Okta (OKTA)

In a report released yesterday, Shrenik Kothari from Robert W. Baird maintained a Buy rating on Okta, with a price target of $170.00. The company’s shares closed last Thursday at $140.42.

According to TipRanks.com, Kothari is a 5-star analyst with an average return of 21.5% and a 68.2% success rate. Kothari covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Rubrik, Inc. Class A, and Palo Alto Networks. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Okta with a $128.00 average price target, representing a -6.5% downside. In a report issued on July 15, TipRanks – OpenAI also upgraded the stock to Buy with a $156.00 price target.

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Grid Dynamics Holdings (GDYN)

TD Cowen analyst Bryan Bergin maintained a Buy rating on Grid Dynamics Holdings today and set a price target of $9.00. The company’s shares closed last Thursday at $7.06.

According to TipRanks.com, Bergin is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -3.0% and a 43.3% success rate. Bergin covers the Technology sector, focusing on stocks such as Priority Technology Holdings, Fidelity National Info, and Exlservice Holdings. ;'>

Currently, the analyst consensus on Grid Dynamics Holdings is a Strong Buy with an average price target of $8.80, implying a 31.3% upside from current levels. In a report issued on July 16, TipRanks – PerPlexity also upgraded the stock to Buy with a $6.50 price target.

Cohu (COHU)

In a report released today, Krish Sankar from TD Cowen reiterated a Buy rating on Cohu, with a price target of $80.00. The company’s shares closed last Thursday at $46.45.

According to TipRanks.com, Sankar is a top 25 analyst with an average return of 52.4% and a 66.1% success rate. Sankar covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Ultra Clean Holdings, and GlobalFoundries Inc. ;'>

Cohu has an analyst consensus of Strong Buy, with a price target consensus of $65.75, representing a 51.1% upside. In a report issued on July 18, TipRanks – Google also upgraded the stock to Buy with a $57.00 price target.

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