Okta Inc. (OKTA)

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Okta, Inc. (OKTA) Receives Average Rating of "Buy" from Analysts
By: MarketBeat | May 30, 2021

Okta, Inc. (NASDAQ:OKTA) has earned a consensus recommendation of "Buy" from the twenty-three brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $271.35.

A number of equities research analysts have recently issued reports on the stock. DA Davidson boosted their price target on shares of Okta from $280.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, March 4th. Canaccord Genuity raised shares of Okta from a "hold" rating to a "buy" rating and set a $300.00 price target on the stock in a research note on Wednesday, March 10th. Robert W. Baird cut their target price on shares of Okta from $275.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 10th. Mizuho cut their target price on shares of Okta from $305.00 to $255.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Okta in a research note on Thursday, April 8th.

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