Key Analysts at Oppenheimer Kept their ‘Buy’ rating for Okta Inc (OKTA) Shares Today. Their Target is $60.0000

June 13, 2018 - By Jeanette Kaplan

Okta Inc (OKTA) Rating Reaffirmed

EU: In a research report issued on Wednesday, 13 June, Oppenheimer kept their Buy rating on Okta Inc (OKTA) shares. They now have a $60.0000 PT on the firm. Oppenheimer’s target gives a potential upside of 12.67 % from the company’s last stock price.

Okta, Inc. (NASDAQ:OKTA) Ratings Coverage

Among 7 analysts covering Okta (OKTA), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Okta has $65 highest and $35 lowest target. $52.14’s average target is -2.09% below currents $53.255 stock price. Okta had 19 analyst reports since January 22, 2018 according to SRatingsIntel. The company was upgraded on Monday, April 23 by Canaccord Genuity. The stock has “Buy” rating by Deutsche Bank on Thursday, March 8. KeyBanc Capital Markets maintained Okta, Inc. (NASDAQ:OKTA) on Monday, March 19 with “Overweight” rating. Deutsche Bank maintained the stock with “Buy” rating in Thursday, May 24 report. As per Thursday, May 24, the company rating was maintained by Oppenheimer. The rating was maintained by Canaccord Genuity on Thursday, March 8 with “Hold”. The firm has “Outperform” rating given on Thursday, June 7 by Oppenheimer. The stock has “Buy” rating by Canaccord Genuity on Thursday, June 7. The stock of Okta, Inc. (NASDAQ:OKTA) has “Overweight” rating given on Thursday, May 24 by KeyBanc Capital Markets. The firm has “Overweight” rating given on Thursday, February 22 by KeyBanc Capital Markets.

The stock increased 0.60% or $0.315 during the last trading session, reaching $53.255. About 1.33 million shares traded. Okta, Inc. (OKTA) has risen 107.02% since June 13, 2017 and is uptrending. It has outperformed by 94.45% the S&P500.

Okta, Inc. operates an integrated system that connects persons via devices. The company has market cap of $5.68 billion. The company's identity cloud connects various companies to pre-integrated apps and devices every day. It currently has negative earnings. It offers single sign-on, mobility management, adaptive multi-factor authentication, lifecycle management, and universal directory products for IT customers; and complete authentication, user management, flexible administration, API access management, and developer tools for developers.

More notable recent Okta, Inc. (NASDAQ:OKTA) news were published by: Seekingalpha.com which released: “Okta: Correction Incoming” on June 11, 2018, also Seekingalpha.com with their article: “Okta +2.7% on Q1 beats, upside FY guidance” published on June 06, 2018, Seekingalpha.com published: “Okta: Worth The Valuation?” on June 13, 2018. More interesting news about Okta, Inc. (NASDAQ:OKTA) were released by: Benzinga.com and their article: “Needham Shifts To Neutral On Okta, But Continues To Have Positive Long-Term View” published on June 05, 2018 as well as Nasdaq.com‘s news article titled: “Okta Delivers a Surprising Surge in Growth” with publication date: June 07, 2018.

Okta, Inc. (NASDAQ:OKTA) Ratings Chart

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