Okta Inc. (OKTA)

[DiscoverGold]

BidaskClub Upgrades Okta (NASDAQ:OKTA) to Strong-Buy
By: MarketBeat | December 23, 2020

Okta (NASDAQ:OKTA) was upgraded by equities research analysts at BidaskClub from a "buy" rating to a "strong-buy" rating in a report released on Wednesday, BidAskClub reports.

OKTA has been the subject of several other reports. Royal Bank of Canada reissued a "buy" rating and set a $255.00 target price on shares of Okta in a research note on Sunday, November 29th. JPMorgan Chase & Co. cut Okta from an "overweight" rating to a "neutral" rating and set a $258.00 target price for the company. in a research note on Wednesday, December 9th. Oppenheimer lifted their price target on Okta from $250.00 to $295.00 in a report on Thursday, December 3rd. ValuEngine downgraded Okta from a "buy" rating to a "hold" rating in a report on Tuesday, December 1st. Finally, Canaccord Genuity lifted their price target on Okta from $218.00 to $250.00 and gave the stock a "hold" rating in a report on Thursday, December 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Okta presently has an average rating of "Buy" and an average target price of $242.55.

Shares of NASDAQ OKTA opened at $285.60 on Wednesday. Okta has a twelve month low of $88.66 and a twelve month high of $285.91. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 2.51. The stock has a fifty day simple moving average of $237.98 and a 200-day simple moving average of $216.61. The stock has a market capitalization of $36.98 billion, a PE ratio of -147.98 and a beta of 1.00.

Read Full Story »»»



DiscoverGold