Needham analyst Alex Henderson upgraded Okta (OKTA – Research Report) to Buy today and set a price target of $320.00. The company’s shares closed last Wednesday at $247.20.
According to TipRanks.com, Henderson is a top 100 analyst with an average return of 29.4% and a 67.7% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Okta with a $295.00 average price target, representing a 24.3% upside. In a report released yesterday, BTIG also maintained a Buy rating on the stock with a $302.00 price target.
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The company has a one-year high of $294.00 and a one-year low of $199.08. Currently, Okta has an average volume of 1.44M.
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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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