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Analysts Offer Insights on Technology Companies: Workday (WDAY) and Salesforce (CRM)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Workday (WDAYResearch Report) and Salesforce (CRMResearch Report).

Workday (WDAY)

In a report released today, Daniel Jester from BMO Capital maintained a Buy rating on Workday, with a price target of $338.00. The company’s shares closed last Friday at $257.93.

According to TipRanks.com, Jester is a 4-star analyst with an average return of 10.6% and a 59.3% success rate. Jester covers the Technology sector, focusing on stocks such as Procore Technologies, Bill.com Holdings, and Dayforce Inc.

Workday has an analyst consensus of Moderate Buy, with a price target consensus of $317.50, implying a 23.3% upside from current levels. In a report issued on May 17, Wells Fargo also maintained a Buy rating on the stock with a $350.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Salesforce (CRM)

Monness analyst Brian White maintained a Hold rating on Salesforce today. The company’s shares closed last Friday at $285.61.

According to TipRanks.com, White is a top 100 analyst with an average return of 21.1% and a 68.3% success rate. White covers the Technology sector, focusing on stocks such as Palantir Technologies, Snowflake, and PagerDuty.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $338.73 average price target, a 18.0% upside from current levels. In a report issued on May 16, UBS also maintained a Hold rating on the stock with a $310.00 price target.

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