Scotiabank analyst Patrick Colville lowered the firm’s price target on Okta (OKTA) to $85 from $105 and keeps a Sector Perform rating on the shares. The firm “love(s)” Okta’s core business, improving profitability, and future AI agentic potential, the analyst tells investors. Despite this, Scotiabank remains on the sidelines since the print has given no signals of a re-acceleration into FY27.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OKTA:
- Morning Movers: Macy’s dips following third quarter earnings report
- Cautious Hold on Okta: Solid Growth Amid Sector Challenges and Conservative Outlook
- Okta price target raised to $121 from $115 at JPMorgan
- Okta price target lowered to $90 from $112 at BMO Capital
- Okta price target lowered to $110 from $123 at Morgan Stanley