Okta Shares Are Trading Higher Thursday: Here's Why
Portfolio Pulse from Adam Eckert
Okta Inc's shares are trading higher after the company reported better-than-expected Q2 financial results and raised its guidance. The Q2 revenue of $556 million and EPS of 31 cents both beat estimates. The company also raised its full-year revenue forecast and adjusted earnings guidance. Multiple analysts have lifted their price targets for Okta following these results.
August 31, 2023 | 2:58 pm
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Okta's better-than-expected Q2 results and raised guidance have led to a rise in its share price and multiple analysts lifting their price targets.
Okta's strong Q2 results and raised guidance indicate a positive financial performance, which has led to a rise in its share price. This positive news is likely to continue to drive the stock price up in the short term.
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