Truist Securities Maintains Hold on Okta, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joel Fishbein has maintained a Hold rating on Okta (NASDAQ:OKTA) but reduced the price target from $75 to $70.
November 30, 2023 | 7:16 pm
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Truist Securities has maintained a Hold rating on Okta and lowered the price target from $75 to $70, indicating a cautious outlook on the stock's short-term price movement.
The reduction in price target by Truist Securities 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 as the market adjusts to the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100