RBC Capital Maintains Outperform on Okta, Lowers Price Target to $101
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Okta but lowers the price target from $125 to $101.
October 17, 2024 | 1:23 pm
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RBC Capital has maintained its Outperform rating on Okta but reduced the price target from $125 to $101, indicating a more cautious outlook.
The maintenance of an Outperform rating suggests continued confidence in Okta's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100