Okta Stock Is Tumbling Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Okta Inc's stock is trading lower despite reporting better-than-expected Q1 financial results. JPMorgan and BMO Capital downgraded the stock, and multiple analysts lowered price targets, adding to the selling pressure.
June 01, 2023 | 1:55 pm
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Okta's stock is trading lower despite strong Q1 results, as JPMorgan and BMO Capital downgraded the stock and multiple analysts lowered price targets.
Okta reported better-than-expected Q1 financial results, but the stock is trading lower due to downgrades from JPMorgan and BMO Capital, as well as lowered price targets from multiple analysts. This negative sentiment from analysts is likely to impact the stock price in the short term.
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IMPORTANCE 100
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