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Stock impact report

Investment Bank Remains Bullish on OKTA Inc. (OKTA) After Q1 Results [Yahoo! Finance]

Okta, Inc. - Class A (OKTA) 
Last okta, inc. - class a earnings: 3/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.okta.com
Company Research Source: Yahoo! Finance
Investment bank DA Davidson reacted to the news by trimming its price target on OKTA stock to $140 from $145. However, the bank kept a Buy rating on the name. A mobile application developer programming on a tablet, illustrating the power of the company's adaptive multi-factor authentication. The investment bank believes that the company reported strong Q1 results. Okta, Inc. (NASDAQ:OKTA)'s Q1 financial metrics were not undermined by macroeconomic challenges, the investment bank noted. If the latter trend continues, the company's full-year revenue growth could very well come in above its current outlook of 9%-10%, DA Davidson believes. In the last month, the stock has dropped 2%, while it has advanced 23% in the last three months. While we acknowledge the potential of OKTA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more p Show less Read more
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