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Analysts Are Bullish on These Technology Stocks: Lam Research (LRCX), Okta (OKTA)

Tipranks - Sun Aug 2, 5:26AM CDT

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

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Lam Research (LRCX)

Citi analyst Atif Malik maintained a Buy rating on Lam Research on July 29 and set a price target of $450.00. The company’s shares closed last Friday at $293.02.

According to TipRanks.com, Malik is a top 25 analyst with an average return of 46.7% and a 77.8% success rate. Malik covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Keysight Technologies, and GlobalFoundries Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lam Research with a $374.94 average price target, which is a 18.9% upside from current levels. In a report issued on July 30, TipRanks – PerPlexity also upgraded the stock to Buy with a $279.00 price target.

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Okta (OKTA)

In a report issued on July 30, Matthew Hedberg from RBC Capital maintained a Buy rating on Okta, with a price target of $145.00. The company’s shares closed last Friday at $141.93.

According to TipRanks.com, Hedberg is a 4-star analyst with an average return of 7.3% and a 52.7% success rate. Hedberg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Netscout Systems. ;'>

Okta has an analyst consensus of Strong Buy, with a price target consensus of $128.68, which is a -10.6% downside from current levels. 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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