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Analysts Offer Insights on Technology Companies: Workday (WDAY) and PubMatic (PUBM)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Workday (WDAYResearch Report) and PubMatic (PUBMResearch Report) with bullish sentiments.

Workday (WDAY)

JMP Securities analyst Patrick Walravens maintained a Buy rating on Workday today and set a price target of $315.00. The company’s shares closed last Monday at $307.21, close to its 52-week high of $309.86.

According to TipRanks.com, Walravens is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.4% and a 37.9% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and DigitalOcean Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Workday with a $304.10 average price target, which is a -1.3% downside from current levels. In a report issued on February 13, BMO Capital also maintained a Buy rating on the stock with a $338.00 price target.

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

PubMatic (PUBM)

JMP Securities analyst Andrew Boone maintained a Buy rating on PubMatic today and set a price target of $25.00. The company’s shares closed last Monday at $16.57.

According to TipRanks.com, Boone is a 4-star analyst with an average return of 5.1% and a 51.9% success rate. Boone covers the Technology sector, focusing on stocks such as ODDITY Tech Ltd. Class A, DoubleVerify Holdings, and Uber Technologies.

Currently, the analyst consensus on PubMatic is a Strong Buy with an average price target of $19.75, representing a 20.8% upside. In a report issued on February 23, RBC Capital also maintained a Buy rating on the stock with a $19.00 price target.

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