Unveiling 23 Analyst Insights On Okta
Portfolio Pulse from Benzinga Insights
In the past three months, 23 analysts have rated Okta (NASDAQ:OKTA), with a mix of bullish and bearish perspectives. The average 12-month price target is $104.74, down 9.06% from the previous $115.17. Several analysts have lowered their price targets, reflecting a cautious outlook. Okta's financial performance shows strong net margins and effective debt management, but its revenue growth lags behind industry peers.
October 17, 2024 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Analysts have mixed views on Okta, with a recent average price target of $104.74, down from $115.17. Several analysts have lowered their price targets, indicating a cautious outlook. Despite strong net margins and effective debt management, Okta's revenue growth is below industry peers.
The majority of analysts have lowered their price targets for Okta, reflecting a cautious sentiment. The average price target has decreased by 9.06%, indicating potential short-term downward pressure on the stock. Despite Okta's strong net margins and effective debt management, its revenue growth is below industry peers, which may concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100