BTIG analyst Gray Powell maintained a Buy rating on Okta (OKTA – Research Report) on January 5 and set a price target of $100.00. The company’s shares closed last Friday at $82.46.
According to TipRanks, Powell is a 4-star analyst with an average return of 8.1% and a 51.85% success rate. Powell covers the Technology sector, focusing on stocks such as Palo Alto Networks, A10 Networks, and Okta.
In addition to BTIG, Okta also received a Buy from Goldman Sachs’s Gabriela Borges in a report issued on January 1. However, on January 5, Jefferies downgraded Okta (NASDAQ: OKTA) to a Hold.
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Based on Okta’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $584 million and a GAAP net loss of $81 million. In comparison, last year the company earned a revenue of $481 million and had a GAAP net loss of $209 million
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Okta (OKTA) Company Description:
Okta, Inc. provides identity management services to enterprises. Its products include Single Sign-On, Adaptive Multi-Factor Authentication, Mobility Management, Lifecycle Management, Universal Directory, API access management, API products and integration network services.
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- Carnival upgraded, PayPal downgraded: Wall Street’s top analyst calls
- Okta downgraded to Hold from Buy at Jefferies
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- Okta price target raised to $85 from $75 at Piper Sandler
- Okta announces acquisition of Israeli cybersecurity company Spera
