Baird Maintains Outperform on Okta, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Shrenik Kothari maintains an Outperform rating on Okta but lowers the price target from $108 to $105.
August 29, 2024 | 11:58 am
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NEUTRAL IMPACT
Baird analyst Shrenik Kothari maintains an Outperform rating on Okta, indicating continued confidence in the company's performance. However, the price target is slightly reduced from $108 to $105, suggesting a minor adjustment in expected valuation.
The Outperform rating suggests that the analyst still sees Okta as a strong investment, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100