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Analysts Offer Insights on Technology Companies: Simulations Plus (SLP) and Workday (WDAY)

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

Simulations Plus (SLP)

In a report released today, Francois Brisebois from Oppenheimer reiterated a Buy rating on Simulations Plus, with a price target of $75.00. The company’s shares closed last Tuesday at $57.38.

According to TipRanks.com, Brisebois is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -16.0% and a 27.3% success rate. Brisebois covers the Healthcare sector, focusing on stocks such as Harmony Biosciences Holdings, MDxHealth S.A. Sponsored ADR, and Diamedica Therapeutics.

Currently, the analyst consensus on Simulations Plus is a Strong Buy with an average price target of $68.33.

See Insiders’ Hot Stocks on TipRanks >>

Workday (WDAY)

Needham analyst Scott Berg maintained a Buy rating on Workday today and set a price target of $220.00. The company’s shares closed last Tuesday at $160.11, close to its 52-week low of $134.10.

According to TipRanks.com, Berg is a 4-star analyst with an average return of 4.5% and a 44.8% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, BigCommerce Holdings, and Bill.com Holdings.

Currently, the analyst consensus on Workday is a Strong Buy with an average price target of $214.40, a 32.2% upside from current levels. In a report issued on August 31, Daiwa also maintained a Buy rating on the stock with a $220.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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