RBC Capital Maintains Outperform on Okta, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Okta (NASDAQ:OKTA) and raised the price target from $95 to $125.
February 29, 2024 | 5:44 pm
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POSITIVE IMPACT
RBC Capital has maintained an Outperform rating on Okta and increased the price target from $95 to $125.
The upgrade in price target by a reputable analyst like Matthew Hedberg suggests a strong confidence in Okta's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in Okta's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100