RBC Capital Maintains Outperform on Okta, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Okta (NASDAQ:OKTA) but has reduced the price target from $100 to $95.
November 30, 2023 | 3:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Okta but lowers the price target from $100 to $95.
The reduction in price target by RBC Capital may cause some investors to adjust their valuation models, potentially leading to short-term price fluctuations. However, the maintenance of an Outperform rating suggests that the analyst still has a positive outlook on the company's performance, which could balance out any negative impact from the target price reduction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100