Okta shares are trading higher. JP Morgan maintained a Neutral rating on the stock but raised its price target from $74 to $88.
Portfolio Pulse from Benzinga Newsdesk
Okta shares are trading higher after JP Morgan maintained a Neutral rating on the stock but increased its price target from $74 to $88.
February 26, 2024 | 5:41 pm
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POSITIVE IMPACT
Okta's stock price is experiencing an uptick following JP Morgan's decision to raise its price target from $74 to $88, while maintaining a Neutral rating.
The increase in Okta's price target by JP Morgan, a major financial institution, signals a positive outlook on the stock's value, likely influencing investor sentiment and potentially driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100