Analysts Have Conflicting Sentiments on These Technology Companies: Remitly Global (RELY), Okta (OKTA) and Nutanix (NTNX)

Analysts have been eager to weigh in on the Technology sector with new ratings on Remitly Global (RELY – Research Report), Okta (OKTA – Research Report) and Nutanix (NTNX – Research Report).

Remitly Global (RELY)

JMP Securities analyst David Scharf maintained a Buy rating on Remitly Global today and set a price target of $32.00. The company’s shares closed last Wednesday at $21.27.

According to TipRanks.com, Scharf is a 4-star analyst with an average return of 8.2% and a 48.5% success rate. Scharf covers the Financial sector, focusing on stocks such as Bread Financial Holdings, Enova International, and Synchrony Financial.

Currently, the analyst consensus on Remitly Global is a Strong Buy with an average price target of $29.00.

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Okta (OKTA)

In a report released today, Trevor J. Walsh from JMP Securities maintained a Hold rating on Okta. The company’s shares closed last Wednesday at $70.77.

According to TipRanks.com, Walsh is a 4-star analyst with an average return of 10.2% and a 67.1% success rate. Walsh covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Okta with a $86.68 average price target, which is a 22.9% upside from current levels. In a report released yesterday, Piper Sandler also downgraded the stock to Hold with a $75.00 price target.

Nutanix (NTNX)

In a report released today, Erik Suppiger from JMP Securities maintained a Buy rating on Nutanix, with a price target of $50.00. The company’s shares closed last Wednesday at $41.56, close to its 52-week high of $41.74.

According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 15.6% and a 57.4% success rate. Suppiger covers the Technology sector, focusing on stocks such as Cambium Networks, Arista Networks, and Varonis Systems.

Nutanix has an analyst consensus of Strong Buy, with a price target consensus of $44.40, a 7.5% upside from current levels. In a report issued on November 21, Bank of America Securities also maintained a Buy rating on the stock with a $50.00 price target.

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Read More on RELY:

• Insiders Load Up on These 2 ‘Strong Buy’ Stocks — Here’s Why You Should Pay Attention
• Remitly Global price target lowered to $25 from $29 at Barclays
• Remitly Global earnings selloff a buying opportunity, says Citi
• Remitly Global sees FY23 revenue $935M-$943M, consensus $928.39M
• Remitly Global reports Q3 EPS (20c), consensus (16c)