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OKTA

Okta (NASDAQ:OKTA) has been the subject of diverse analyst opinions, with 25 analysts offering ratings in the last three months. The average 12-month price target for Okta is now $88.28, down from $92.67, with a high estimate of $110.00 and a low of $70.00. Several analysts have adjusted their ratings and price targets, with actions ranging from 'Maintains' to 'Lowers'. Okta's financials show a positive revenue trend with a growth rate of 21.41% as of October 31, 2023, but a net margin of -13.87% and an ROE of -1.42%. The company's debt-to-equity ratio is 0.25.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 12:00 pm

STAG

Baird analyst David Rodgers has downgraded Stag Industrial (NYSE:STAG) from Outperform to Neutral, while also raising the price target from $38 to $41.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:57 am

CDZI

LFT

RVP

STSS

Insiders at four companies have recently made notable purchases of their own company's stock. Cadiz Inc. CEO Susan P Kennedy bought 6,762 shares at $2.81 each. Lument Finance Trust President James Henson acquired 15,000 shares at $2.37 each. Retractable Technologies President and CEO Thomas J Shaw purchased 5,522 shares at $1.09 each. Sharps Technology Director Timothy J. Ruemler bought 9,466 shares at $0.40 each. These transactions can signal insider confidence and may influence investor decisions regarding penny stocks.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 11:55 am

MSEX

PNM

PNM Resources, Inc. (PNM) and Middlesex Water Company (MSEX) are identified as oversold utilities stocks with their RSI values below 30, indicating potential undervaluation. PNM's merger with Avangrid was terminated due to lack of regulatory approvals, causing its stock to drop about 6% over five days. MSEX reported a decline in Q3 sales and anticipates 2023 as a transition year, with its stock falling about 8% over five days.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 11:55 am

TV

Morgan Stanley analyst Cesar Medina downgraded Grupo Televisa (NYSE:TV) from Overweight to Equal-Weight and reduced the price target from $7 to $4. This adjustment reflects a more cautious stance on the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:51 am

CVX

PSX

Phillips 66 (NYSE:PSX) is in discussions to sell non-core assets without a set timeline, as stated by CEO Mark Lashier. The company is optimistic about the long-term prospects of CP Chemical, its joint venture with Chevron Corp (NYSE:CVX). Phillips 66's 2024 capital budget is $2.2 billion, and Elliott Investment Management has proposed a plan to address underperformance. PSX shares dropped 0.50% in premarket trading.

Portfolio Pulse from Lekha Gupta

January 05, 2024 | 11:51 am

VIV

Morgan Stanley analyst Cesar Medina downgraded Telefonica Brasil (NYSE:VIV) from Overweight to Equal-Weight and set a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:50 am

CINT

Morgan Stanley analyst Cesar Medina downgraded CI&T (NYSE:CINT) from Overweight to Equal-Weight and reduced the price target from $6 to $5.5.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:48 am

CVS

CVS Health will reaffirm its full-year 2024 earnings guidance, maintaining its GAAP diluted EPS at a minimum of $7.26 and its adjusted EPS at a minimum of $8.50, which is slightly below the estimated $8.59.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:48 am

PCTY

Jefferies analyst Samad Samana has downgraded Paylocity Holding (NASDAQ:PCTY) from Buy to Hold and reduced the price target from $240 to $180.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:45 am