Citigroup Maintains Neutral on Okta, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani has maintained a Neutral rating on Okta (NASDAQ:OKTA) and increased the price target from $75 to $85.

January 10, 2024 | 6:03 pm
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Citigroup has maintained a Neutral rating on Okta, Inc. but raised the price target from $75 to $85, indicating a positive outlook on the stock's value.
The increase in price target by Citigroup suggests an improved valuation of Okta, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at the current levels, which may temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100