UBS Maintains Buy Rating for Okta: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained its Buy rating for Okta (NASDAQ:OKTA) but lowered its price target from $100 to $95. Okta's shares are currently trading down 19.08% at $73.56 per share.
June 01, 2023 | 5:00 pm
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UBS maintains Buy rating for Okta and lowers price target from $100 to $95. Shares are trading down 19.08% at $73.56.
The maintained Buy rating from UBS indicates a positive outlook for Okta, despite the lowered price target. The current share price drop of 19.08% could present a buying opportunity for investors, as UBS still sees potential for a 29.15% increase from the current share price to reach the new target of $95.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100