Tech Stocks Receive Mixed Analyst Reviews From J.P. Morgan and Bank of America Securities
Analysts at J.P. Morgan and Bank of America Securities are weighing in on tech stocks Apple (AAPL), MongoDB (MDB), and Okta (OKTA).
J.P. Morgan's Samik Chatterjee maintains a Buy rating on Apple, with a price target of $366.00. The company's shares closed last Friday at $336.13. Chatterjee has an impressive track record, with an average return of 54.1% and a success rate of 73.9%. He covers the Technology sector, focusing on stocks such as Zoom Communications Inc and Dell Technologies.
Apple has a Moderate Buy analyst consensus, with a price target consensus of $336.11, which represents a -0.5% downside from current levels. HSBC also maintains a Buy rating on Apple, with a price target of $366.00.
In contrast, MongoDB (MDB) has an analyst consensus of Strong Buy, with a price target consensus of $479.19, representing a 20.9% upside from current levels. Koji Ikeda at Bank of America Securities reiterated a Buy rating on MongoDB, with a price target of $540.00. The company's shares closed last Friday at $383.56.
Okta (OKTA), however, has an analyst consensus of Strong Buy, but some analysts are more cautious than others. Citi's Fatima Boolani maintained a Hold rating on Okta, with a price target of $165.00. The company's shares closed last Friday at $182.37.