BMO Capital Maintains Market Perform on Okta, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has maintained a Market Perform rating on Okta (NASDAQ:OKTA) but has reduced the price target from $90 to $80.
November 30, 2023 | 4:58 pm
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BMO Capital has maintained its Market Perform rating on Okta but lowered the price target from $90 to $80, indicating a more cautious outlook on the stock's value.
The reduction in price target by BMO Capital suggests that the analyst sees less upside potential for Okta's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100