BTIG analyst Gray Powell lowered the firm’s price target on Okta (OKTA) to $116 from $142 and keeps a Buy rating on the shares. The company’s Q3 results were a “good print”, trends are stabilizing, and Okta is seeing strong demand for new products, the analyst tells investors in a research note. The firm adds however that it is reducing its price target to reflect lower multiples across its industry coverage.
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Read More on OKTA:
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