Tech Stocks: Analysts Weigh In on Apple, MongoDB, and Okta
Analysts are weighing in on three technology stocks: Apple (AAPL), MongoDB (MDB), and Okta (OKTA).
J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Apple, citing the company's strong fundamentals. He has a top 25 ranking among analysts with an average return of 54.1% and a success rate of 73.9%. Apple has a consensus Moderate Buy rating from analysts, with a price target consensus of $336.11, which represents a -0.5% downside.
HSBC also maintained a Buy rating on Apple with a $366.00 price target. In contrast, Citi analyst Fatima Boolani downgraded Okta to Hold with a $165.00 price target, citing the company's recent decline in growth rate.
MongoDB (MDB) is another stock that analysts are bullish about. Bank of America Securities analyst Koji Ikeda reiterated a Buy rating on MongoDB, with a price target of $540.00. He has a 5-star ranking among analysts with an average return of 11.0% and a success rate of 55.9%. The company's shares closed last Friday at $383.56, close to its 52-week high.