Wells Fargo Maintains Overweight on Okta, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski maintains an Overweight rating on Okta (NASDAQ:OKTA) but has lowered the price target from $98 to $85.
August 28, 2023 | 10:38 am
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NEUTRAL IMPACT
Wells Fargo has maintained an Overweight rating on Okta but lowered the price target from $98 to $85.
The news is directly related to Okta as Wells Fargo has maintained an Overweight rating on the company but lowered the price target. This could indicate a potential decrease in the stock's value in the short term, but the Overweight rating suggests that the company is still expected to outperform the market. Therefore, the impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100