Analysts Offer Insights on Technology Companies: Analog Devices (ADI), Okta (OKTA) and Workday (WDAY)

Analysts have been eager to weigh in on the Technology sector with new ratings on Analog Devices (ADI – Research Report), Okta (OKTA – Research Report) and Workday (WDAY – Research Report).
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Analog Devices (ADI)
Oppenheimer analyst Rick Schafer reiterated a Buy rating on Analog Devices yesterday and set a price target of $265.00. The company's shares closed last Thursday at $211.93.
According to TipRanks.com, Schafer is a top 25 analyst with an average return of 25.1% and a 71.9% success rate. Schafer covers the Technology sector, focusing on stocks such as NXP Semiconductors, Monolithic Power, and Broadcom.
Currently, the analyst consensus on Analog Devices is a Moderate Buy with an average price target of $244.31, a 10.3% upside from current levels. In a report issued on May 12, UBS also maintained a Buy rating on the stock with a $295.00 price target.
Okta (OKTA)
Jefferies analyst Joseph Gallo maintained a Hold rating on Okta today and set a price target of $135.00. The company's shares closed last Thursday at $123.91.
According to TipRanks.com, Gallo is a 5-star analyst with an average return of 15.3% and a 70.5% success rate. Gallo covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.
Currently, the analyst consensus on Okta is a Moderate Buy with an average price target of $121.39, implying a -1.1% downside from current levels. In a report issued on May 14, BMO Capital also maintained a Hold rating on the stock with a $135.00 price target.
Workday (WDAY)
Jefferies analyst Brent Thill maintained a Buy rating on Workday today and set a price target of $325.00. The company's shares closed last Thursday at $272.07.
According to TipRanks.com, Thill is a 5-star analyst with an average return of 12.7% and a 66.3% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, CoreWeave, Inc. Class A, and Palantir Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Workday with a $303.00 average price target, which is a 12.9% upside from current levels. In a report issued on May 14, Wells Fargo also maintained a Buy rating on the stock with a $325.00 price target.

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