Needham Reiterates Buy on Okta, Maintains $100 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Alex Henderson has reiterated a 'Buy' rating on Okta (NASDAQ:OKTA) and maintained a price target of $100.

August 29, 2023 | 10:11 am
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Okta's stock rating has been reiterated as 'Buy' by Needham analyst Alex Henderson, with a maintained price target of $100.
The reiteration of a 'Buy' rating by a reputable analyst like Alex Henderson from Needham is a positive signal for Okta. It indicates that the analyst believes the company's stock is expected to outperform the market or its sector in the short term. The maintained price target of $100 also suggests that the analyst sees potential for the stock's price to reach this level. This could lead to increased investor confidence and potentially a short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100