Key Takeaways From Okta Analyst Ratings
Portfolio Pulse from Benzinga Insights
Analysts have recently adjusted their ratings and price targets for Okta (NASDAQ:OKTA), with a general trend of lowering expectations. The average 12-month price target has decreased by 8.82% to $105.64. Despite this, Okta shows strong financial health with impressive revenue growth, net margin, and return on equity.
September 24, 2024 | 4:00 pm
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Analysts have lowered their price targets for Okta, reflecting a more cautious outlook. The average target is now $105.64, down from $115.86. Despite this, Okta's financial metrics remain strong, with notable revenue growth and profitability.
The majority of analysts have lowered their price targets for Okta, indicating a bearish sentiment in the short term. However, Okta's strong financial performance, including revenue growth and profitability, suggests resilience. The lowered price targets may lead to short-term price pressure, but the company's financial health could mitigate long-term impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100