BMO Capital Downgrades Okta to Market Perform, Lowers Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Keith Bachman downgrades Okta (NASDAQ:OKTA) from Outperform to Market Perform and lowers the price target from $94 to $85.
June 01, 2023 | 11:53 am
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Okta downgraded to Market Perform by BMO Capital, with a lowered price target of $85.
The downgrade from Outperform to Market Perform and the lowering of the price target from $94 to $85 by BMO Capital analyst Keith Bachman indicates a less optimistic outlook for Okta's stock performance in the short term. This could lead to a negative impact on the stock price.
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