Susquehanna Maintains Neutral on Okta, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil maintains a Neutral rating on Okta and lowers the price target from $110 to $85.
September 05, 2024 | 1:20 pm
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Susquehanna analyst Shyam Patil has maintained a Neutral rating on Okta and reduced the price target from $110 to $85, indicating a more cautious outlook on the stock.
The reduction in price target from $110 to $85 by Susquehanna suggests a less optimistic view on Okta's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the lowered target reflects potential concerns.
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IMPORTANCE 80
RELEVANCE 100