UPDATE: Morgan Stanley Upgrades Okta, Inc (OKTA) to Overweight (correction)

September 28, 2021 2:57 AM EDT
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Price: $242.57 -2.98%

Rating Summary:
    22 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 18 | New: 16
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(Updated - September 28, 2021 5:02 AM EDT)

Morgan Stanley analyst Keith Weiss upgrades n Okta, Inc (NASDAQ: OKTA) to Overweight (from Equal-weight), PT $315.00 (from $275.00).

The analyst comments "Okta is a share gainer in a growing market for Identity and Access Management. After slower topline over the past year, an improving demand environment and more buy-in with developers should drive stronger growth and upside in estimates going forward. As such, we upgrade OKTA from EW to OW."


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