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Okta +4% on analyst day praise

Apr. 3, 2019 11:22 AM • SA Editor Brandy Betz

Canaccord Genuity maintains a Buy rating on Okta (NASDAQ:OKTA) and raises its PT from $85 to $95 after the analyst day event.
The firm says it continues "to construct a realistic scenario in which OKTA delivers a multi-year run of double-digit returns" but sees the stock's valuation "at the high end of a reasonable range" even on "stretch assumptions."
More action: Goldman Sachs reiterates a Buy rating and $94 PT saying that "Okta’s competitive advantage remains years ahead of the competition."
 
Jun 12, 2020 05:27AM ET | Investing.com

Canaccord Genuity analyst Michael Walkley maintained a Hold rating on Okta (NASDAQ:OKTA) on Friday, setting a price target of $190, which is approximately 4.71% above the present share price of $181.45.

Walkley expects Okta to post earnings per share (EPS) of -$0.47 for the second quarter of 2020.

The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Okta, with an average price target of $183.14.
The analysts price targets range from a high of $220 to a low of $132.

Canaccord Genuity Stick to Their Hold Rating for Okta By Investing.com
 

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