Analysts Weigh In on Tech Stocks Okta, Salesforce, and Duolingo
Three tech stocks have garnered attention from analysts in recent days, with mixed opinions on their prospects. Okta (OKTA) has been a favorite among analysts, who maintain that its shares are undervalued.
Peter Weed of Bernstein is one such analyst who remains bullish on the stock, maintaining a Buy rating and setting a price target of $143.00, which represents a 6% upside from current levels.
Okta's consensus analyst rating stands at Strong Buy, with an average price target of $170.18, indicating that most analysts expect the stock to rise by around 33% in the near future.
Salesforce (CRM), on the other hand, has been assigned a Moderate Buy rating by analysts. Derrick Wood of TD Cowen is one such analyst who believes that the company's shares are worth buying, setting a price target of $280.00, which represents a 36% upside from current levels.
However, Duolingo (DUOL) has received a mixed response from analysts, with Bryan Smilek of J.P. Morgan maintaining a Hold rating and setting a price target of $135.00, indicating that the stock's value is roughly in line with its current market price.