Wells Fargo Maintains Equal-Weight on Okta, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski has maintained an Equal-Weight rating on Okta and lowered the price target from $90 to $80.
October 17, 2024 | 4:03 pm
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Wells Fargo has maintained its Equal-Weight rating on Okta but has lowered the price target from $90 to $80, indicating a more cautious outlook.
The lowering of the price target from $90 to $80 by Wells Fargo suggests a more cautious outlook on Okta's stock performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations based on the revised target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100