Jefferies Maintains Buy on Okta, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Joseph Gallo maintains a 'Buy' rating on Okta (NASDAQ:OKTA) but has lowered the price target from $105 to $95.

October 24, 2023 | 12:09 pm
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NEUTRAL IMPACT
Okta's price target has been lowered from $105 to $95 by Jefferies, though the 'Buy' rating is maintained.
The lowering of the price target by Jefferies could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100