The Analyst Verdict: Okta In The Eyes Of 32 Experts
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on Okta (NASDAQ:OKTA), with recent ratings showing a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 10.46% to $100.28. Several analysts have lowered their price targets, reflecting cautious sentiment. Okta's financials show strong net margin and ROE, but its revenue growth lags behind industry peers.
October 22, 2024 | 8:00 pm
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Okta has received mixed analyst ratings, with a decrease in the average price target by 10.46% to $100.28. Analysts have predominantly lowered their price targets, indicating cautious sentiment. Despite strong financial metrics like net margin and ROE, Okta's revenue growth is below industry average.
The decrease in the average price target and the fact that many analysts have lowered their targets suggest a negative short-term outlook. The strong financial metrics provide some support, but the lagging revenue growth compared to peers is a concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100