RBC Capital analyst Matthew Hedberg maintained a Buy rating on Okta (OKTA – Research Report) on February 26 and set a price target of $95.00. The company’s shares closed yesterday at $87.30.
Hedberg covers the Technology sector, focusing on stocks such as Couchbase, F5 Networks, and Palo Alto Networks. According to TipRanks, Hedberg has an average return of 12.0% and a 56.89% success rate on recommended stocks.
In addition to RBC Capital, Okta also received a Buy from Needham’s Alex Henderson in a report issued on February 26. However, on the same day, J.P. Morgan maintained a Hold rating on Okta (NASDAQ: OKTA).
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OKTA market cap is currently $13.76B and has a P/E ratio of -30.09.
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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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