Mizuho Maintains Neutral on Okta, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz maintains a Neutral rating on Okta and lowers the price target from $104 to $92.
October 17, 2024 | 2:22 pm
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NEGATIVE IMPACT
Mizuho analyst Gregg Moskowitz maintains a Neutral rating on Okta and lowers the price target from $104 to $92.
The lowering of the price target from $104 to $92 by Mizuho suggests a less optimistic outlook on Okta's stock 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 reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100