Stifel Maintains Buy on Okta, Lowers Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Adam Borg maintains a Buy rating on Okta but lowers the price target from $122 to $108.
August 29, 2024 | 2:56 pm
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NEUTRAL IMPACT
Stifel analyst Adam Borg maintains a Buy rating on Okta but lowers the price target from $122 to $108.
The analyst's decision to maintain a Buy rating suggests continued confidence in Okta's potential, but the lowered price target indicates some caution regarding its short-term performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100