Goldman Sachs Maintains Buy on Okta, Lowers Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Gabriela Borges maintains a Buy rating on Okta but lowers the price target from $113 to $97.
October 22, 2024 | 2:14 pm
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NEUTRAL IMPACT
Goldman Sachs has maintained its Buy rating on Okta but has lowered the price target from $113 to $97, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Okta's long-term prospects, but the lowered price target reflects a more cautious short-term outlook. This could lead to neutral short-term price movement as investors digest the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100