Mizuho Maintains Buy on Okta, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz has maintained a Buy rating on Okta, Inc. (NASDAQ:OKTA) but has reduced the price target from $85 to $80.

November 30, 2023 | 6:24 pm
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Mizuho analyst Gregg Moskowitz maintains a Buy rating on Okta but lowers the price target from $85 to $80.
While the reduction in price target could suggest a slightly less optimistic outlook on Okta's future price performance, the maintenance of a Buy rating indicates that the analyst still sees positive potential in the stock. The mixed signals could lead to a neutral short-term impact on the stock price as investors digest both the maintained confidence and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100