Okta, Inc (OKTA) PT Lowered to $145 at JMP Securities

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Go back to Okta, Inc (OKTA) PT Lowered to $145 at JMP Securities

Okta, Inc (OKTA) PT Lowered to $75 at Guggenheim

September 1, 2022 7:41 AM EDT

Guggenheim analyst John DiFucci lowered the price target on Okta, Inc (NASDAQ: OKTA) to $75.00 (from $89.00) while maintaining a Sell rating.

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Okta (OKTA) Stock Tumbles on 'Underwhelming Results', Analysts Concerned About Execution

September 1, 2022 6:45 AM EDT

Shares of Okta (NASDAQ: OKTA) are trading 14% lower in premarket Thursday despite the companys reporting solid EPS and revenue numbers for its second quarter.

Okta reported earnings per share loss of $0.10 on revenue of $452 million to top the analyst consensus of a loss of $0.31 on revenue of $435 million.

Looking at the second half of the fiscal year, were focused on refining the go-to-market strategy for the combined Auth0 and... More