B of A Securities Downgrades Okta to Underperform, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Okta from Buy to Underperform and reduced its price target from $135 to $75.
August 29, 2024 | 12:06 pm
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NEGATIVE IMPACT
B of A Securities has downgraded Okta from Buy to Underperform, significantly lowering the price target from $135 to $75. This suggests a negative outlook on Okta's short-term performance.
The downgrade from Buy to Underperform by a major analyst firm like B of A Securities is likely to negatively impact Okta's stock price in the short term. The significant reduction in the price target from $135 to $75 indicates a lack of confidence in Okta's near-term growth prospects.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100