Evercore ISI Group Upgrades Okta to In-Line, Raises Price Target to $75
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Peter Levine has upgraded Okta (NASDAQ:OKTA) from Underperform to In-Line and raised the price target from $65 to $75.
August 31, 2023 | 10:32 am
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Okta's rating has been upgraded from Underperform to In-Line by Evercore ISI Group, with a raised price target from $65 to $75.
The upgrade from Underperform to In-Line indicates a more positive outlook on Okta by Evercore ISI Group. The raised price target from $65 to $75 suggests that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100