Analysts Are Bullish on Top Technology Stocks: Infineon Technologies AG (IFNNF), Okta (OKTA)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Infineon Technologies AG (IFNNFResearch Report) and Okta (OKTAResearch Report) with bullish sentiments.

Infineon Technologies AG (IFNNF)

Goldman Sachs analyst Alexander Duval maintained a Buy rating on Infineon Technologies AG today and set a price target of EUR49.00. The company’s shares closed last Tuesday at $38.02, close to its 52-week high of $41.22.

According to TipRanks.com, Duval is a 5-star analyst with an average return of 9.7% and a 57.0% success rate. Duval covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, CD Projekt SA, and Logitech.

Currently, the analyst consensus on Infineon Technologies AG is a Moderate Buy with an average price target of $49.25, a 27.0% upside from current levels. In a report issued on May 22, UBS also maintained a Buy rating on the stock with a EUR49.00 price target.

See today’s best-performing stocks on TipRanks >>

Okta (OKTA)

According to TipRanks.com, Eyal is a top 25 analyst with an average return of 25.8% and a 69.0% success rate. Eyal covers the Technology sector, focusing on stocks such as Evolv Technologies Holdings, CrowdStrike Holdings, and Palo Alto Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Okta with a $92.69 average price target, implying a 3.4% upside from current levels. In a report issued on May 30, RBC Capital also maintained a Buy rating on the stock with a $110.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on IFNNF: