JP Morgan Maintains Neutral on Okta, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex maintains a Neutral rating on Okta (NASDAQ:OKTA) and raises the price target from $88 to $105.
February 29, 2024 | 4:26 pm
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JP Morgan analyst Brian Essex maintains a Neutral rating on Okta and raises the price target from $88 to $105.
The increase in price target from $88 to $105 by a major financial institution like JP Morgan, while maintaining a Neutral stance, suggests a positive adjustment in the valuation of Okta. This could lead to increased investor confidence and potentially a short-term positive impact on Okta's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90