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Okta Upgraded to Outperform from Market Perform at

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DiscoverGold Member Level  Monday, 04/13/20 09:59:25 AM
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Okta Upgraded to Outperform from Market Perform at BMO Capital
By: The Fly | April 12, 2020

BMO Capital analyst Keith Bachman upgraded Okta to Outperform from Market Perform with a price target of $155, up from $150. The analyst believes that global secular trends for WFH will serve to increase demand for Okta's solutions. While the economic challenges could create some deal slippage in the next few quarters, he nevertheless thinks the fundamentals remain very strong for the next few years. Bachman believes Okta's solution leadership will help drive greater than 30% growth through fiscal year 2022.

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