Jefferies Maintains Hold on Okta, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Joseph Gallo maintains a Hold rating on Okta and lowers the price target from $110 to $100.
August 29, 2024 | 3:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Jefferies analyst Joseph Gallo maintains a Hold rating on Okta and lowers the price target from $110 to $100, indicating a cautious outlook.
The lowering of the price target from $110 to $100 by Jefferies suggests a less optimistic view on Okta's short-term performance. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100