What Analysts Are Saying About Okta Stock
Portfolio Pulse from Benzinga Insights
Okta (NASDAQ:OKTA) has been the subject of diverse analyst opinions, with 25 analysts offering ratings in the last three months. The average 12-month price target for Okta is now $88.28, down from $92.67, with a high estimate of $110.00 and a low of $70.00. Several analysts have adjusted their ratings and price targets, with actions ranging from 'Maintains' to 'Lowers'. Okta's financials show a positive revenue trend with a growth rate of 21.41% as of October 31, 2023, but a net margin of -13.87% and an ROE of -1.42%. The company's debt-to-equity ratio is 0.25.
January 05, 2024 | 12:00 pm
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NEGATIVE IMPACT
Okta's average 12-month price target has been lowered to $88.28, indicating a bearish sentiment among analysts. The company's financials show growth but also highlight profitability concerns.
The reduction in the average price target and the adjustments of individual analyst ratings suggest a cautious or bearish outlook for Okta in the short term. The financial indicators, such as the negative net margin and ROE, may concern investors, potentially leading to a negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100