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Analysts Offer Insights on Technology Companies: Meta Platforms (FB), Liveperson (LPSN) and Okta (OKTA)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Meta Platforms (FBResearch Report), Liveperson (LPSNResearch Report) and Okta (OKTAResearch Report) with bullish sentiments.

Meta Platforms (FB)

RBC Capital analyst Brad Erickson maintained a Buy rating on Meta Platforms on March 2 and set a price target of $245.00. The company’s shares closed last Thursday at $202.97, close to its 52-week low of $190.22.

According to TipRanks.com, Erickson is a 5-star analyst with an average return of 25.1% and a 49.4% success rate. Erickson covers the Technology sector, focusing on stocks such as Fiverr International, Zillow Group Class A, and Uber Technologies.

Currently, the analyst consensus on Meta Platforms is a Moderate Buy with an average price target of $332.07, a 58.9% upside from current levels. In a report issued on February 16, Evercore ISI also reiterated a Buy rating on the stock with a $350.00 price target.

See the top stocks recommended by analysts >>

Liveperson (LPSN)

Berenberg Bank analyst Phillip Leytes maintained a Buy rating on Liveperson yesterday and set a price target of $42.00. The company’s shares closed last Thursday at $23.01, close to its 52-week low of $16.00.

According to TipRanks.com, Leytes has 0 stars on 0-5 stars ranking scale with an average return of -16.9% and a 22.2% success rate. Leytes covers the Technology sector, focusing on stocks such as Instructure Holdings, Coursera, and Docebo.

The word on The Street in general, suggests a Hold analyst consensus rating for Liveperson with a $22.78 average price target, a -2.9% downside from current levels. In a report issued on February 18, B.Riley Financial also maintained a Buy rating on the stock with a $47.00 price target.

Okta (OKTA)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Okta yesterday and set a price target of $260.00. The company’s shares closed last Thursday at $167.98, close to its 52-week low of $152.51.

According to TipRanks.com, Hedberg is a 5-star analyst with an average return of 11.8% and a 46.1% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, DoubleVerify Holdings, and Ping Identity Holding.

Currently, the analyst consensus on Okta is a Strong Buy with an average price target of $233.82, which is a 34.4% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $215.00 price target.

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