Wall Street Analysts Are Bullish on Top Technology Picks
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Broadcom (AVGO – Research Report) and Okta (OKTA – Research Report) with bullish sentiments.
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Broadcom (AVGO)
UBS analyst Timothy Arcuri maintained a Buy rating on Broadcom today and set a price target of $475.00. The company’s shares closed last Wednesday at $317.53.
According to TipRanks.com, Arcuri is a top 25 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $456.96 average price target, a 44.8% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $450.00 price target.
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Okta (OKTA)
UBS analyst Roger Boyd maintained a Buy rating on Okta today and set a price target of $115.00. The company’s shares closed last Wednesday at $71.74, close to its 52-week low of $70.56.
According to TipRanks.com, Boyd has 0 stars on 0-5 stars ranking scale with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Okta with a $104.29 average price target, a 44.9% upside from current levels. In a report issued on February 23, Oppenheimer also maintained a Buy rating on the stock with a $120.00 price target.
