Analysts Offer Insights on Technology Companies: Elastic (ESTC), Okta (OKTA) and NEXTracker, Inc. Class A (NXT)

Analysts have been eager to weigh in on the Technology sector with new ratings on Elastic (ESTC – Research Report), Okta (OKTA – Research Report) and NEXTracker, Inc. Class A (NXT – Research Report).

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Elastic (ESTC)

Bank of America Securities analyst Koji Ikeda reiterated a Hold rating on Elastic today and set a price target of $111.00. The company’s shares closed last Thursday at $81.55.

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 11.8% and a 57.0% success rate. Ikeda covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Onestream, Inc. Class A, and Jamf Holding. ;'>

Currently, the analyst consensus on Elastic is a Moderate Buy with an average price target of $117.05, implying a 41.0% upside from current levels. In a report issued on October 1, Wells Fargo also initiated coverage with a Hold rating on the stock with a $90.00 price target.

See the top stocks recommended by analysts >>

Okta (OKTA)

Bank of America Securities analyst Tomer Zilberman maintained a Sell rating on Okta today and set a price target of $75.00. The company’s shares closed last Thursday at $93.64.

According to TipRanks.com, Zilberman is a 4-star analyst with an average return of 17.2% and a 75.0% success rate. Zilberman covers the Technology sector, focusing on stocks such as Motorola Solutions, Cellebrite DI, and Gen Digital. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Okta with a $120.43 average price target.

NEXTracker, Inc. Class A (NXT)

UBS analyst Jon Windham maintained a Buy rating on NEXTracker, Inc. Class A today and set a price target of $110.00. The company’s shares closed last Thursday at $83.85.

According to TipRanks.com, Windham is a 5-star analyst with an average return of 12.3% and a 57.0% success rate. Windham covers the Industrial Goods sector, focusing on stocks such as Republic Services, GFL Environmental, and Generac Holdings. ;'>

NEXTracker, Inc. Class A has an analyst consensus of Moderate Buy, with a price target consensus of $77.16, implying a -2.8% downside from current levels. In a report issued on September 29, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $88.00 price target.

Read More on ESTC:

Disclaimer & DisclosureReport an Issue

• Elastic’s Balanced Outlook: Hold Rating Amid Promising Growth Projections and Cautious Optimism
• Elastic Stock (ESTC) Rallies on Guidance Upgrade, $500M Share Repurchase Plan
• Elastic’s Strong Market Position and Growth Potential Drive Buy Rating
• Closing Bell Movers: Levi Strauss down 8% after results
• Elastic targets 20% or more in Base and Gen-AI subscription revenue growth