Evercore ISI Group Maintains In-Line on Okta, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Peter Levine has maintained an In-Line rating on Okta (NASDAQ:OKTA) but has reduced the price target from $75 to $70.
November 30, 2023 | 8:31 pm
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NEUTRAL IMPACT
Evercore ISI Group has maintained an In-Line rating on Okta but lowered the price target from $75 to $70, indicating a potential limited upside or downside.
The maintenance of an In-Line rating suggests that Evercore ISI Group believes Okta will perform similarly to the sector or market. The reduction in price target, however, implies a slightly less optimistic view of the stock's potential value, which could lead to a neutral short-term impact on the stock price as investors digest the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100