Okta stock gains after results beat expectations, analysts hike price targets [MarketWatch]
Okta, Inc. - Class A (OKTA)
Last okta, inc. - class a earnings: 3/5 04:05 pm
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Source: MarketWatch
Okta stock gains after results beat expectations, analysts hike price targets Okta Inc. OKTA, +8.24% shares are up 9.8% in Thursday morning trading after the single-sign-on company reported better-than-expected results for its most recent quarter and saw a flurry of price target increases as a result. Canaccord Genuity analyst Richard Davis raised his target to $60 from $55, highlighting the company's billings growth and operating cash flow. "We suggest focusing on the fact that Okta is doing a good job creating broader 'concentric circles' of adjacent functionality that extends the firm's TAM without abandoning the core cloud SSO [single-sign-on] market," wrote Davis, who has a buy rating on the stock. SunTrust Robinson Humphrey analyst Terry Tillman upped his price target to $63 from $43 after the report and kept his buy rating intact. "Outperforming on all counts, the company continues to exhibit significant momentum with benefits from Okta Integration Network, customer identity
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OKTA
News
- Okta (OKTA) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Okta (OKTA) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Okta, Inc. (NASDAQ:OKTA) Shares Could Be 30% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- Here's Why Okta (OKTA) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Okta: Assessing Overly Optimistic Consensus Estimates And Valuations [Seeking Alpha]Seeking Alpha
OKTA
Earnings
- 2/28/24 - Beat
OKTA
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- OKTA's page on the SEC website