These Analysts Cut Their Forecasts On Okta After Q2 Results
Portfolio Pulse from Avi Kapoor
Okta, Inc. reported better-than-expected Q2 results, with earnings and revenue surpassing analyst estimates. Despite this, several analysts have lowered their price targets for Okta, citing various reasons. The stock closed slightly down after the announcement.
August 29, 2024 | 1:27 pm
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Okta reported strong Q2 results, beating earnings and revenue estimates. However, analysts have lowered their price targets, with one downgrade from Buy to Underperform. The stock closed slightly down.
Despite Okta's strong Q2 performance, analysts have lowered their price targets, indicating concerns about future growth or valuation. The downgrade from B of A Securities to Underperform is particularly notable, suggesting potential short-term pressure on the stock price.
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