UBS Maintains Buy on Okta, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Roger Boyd maintains a Buy rating on Okta (NASDAQ:OKTA) but lowers the price target from $130 to $120.
May 30, 2024 | 3:31 pm
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UBS analyst Roger Boyd maintains a Buy rating on Okta but lowers the price target from $130 to $120.
The maintained Buy rating suggests continued confidence in Okta's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100