Okta Inc. (OKTA)

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Okta (OKTA) Lowered to "Sell" at Zacks Investment Research
By: MarketBeat | May 5, 2021

Okta (NASDAQ:OKTA) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, "Okta, Inc. is a provider of identity for the enterprise. The Company's product consists of Okta information technology Products and Okta for Developers. Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. Okta for Developers include Complete Authentication, User Management, Application Programming Interface Access Management and Developer Tools. Okta, Inc. is based in SAN FRANCISCO, United States. "

A number of other research firms also recently weighed in on OKTA. TheStreet downgraded Okta from a "c-" rating to a "d+" rating in a research report on Friday, March 19th. Morgan Stanley boosted their target price on Okta from $250.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, January 8th. BTIG Research upgraded Okta from a "neutral" rating to a "buy" rating and set a $280.00 target price for the company in a research report on Thursday, April 15th. BMO Capital Markets dropped their target price on Okta from $285.00 to $265.00 and set an "outperform" rating for the company in a research report on Thursday, March 4th. Finally, Royal Bank of Canada boosted their target price on Okta from $264.00 to $300.00 in a research report on Tuesday, March 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of "Buy" and an average price target of $264.19.

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