Form 8-K Okta, Inc. For: Aug 28
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/13/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
TD Cowen Reiterates Hold Rating on Okta, Inc (OKTA)
August 29, 2024 6:29 AM EDTTD Cowen analyst Shaul Eyal reiterated a Hold rating and $110.00 price target on Okta, Inc (NASDAQ: OKTA).
The analyst comments "Solid Beats On Top and Bottom Line: For 2Q25 (Jul. 24), total rev grew 16% y/y to $646M (2% above cons.), driven by a 17% increase in subscription rev. cRPO of $1,995M (+13% y/y) came in 2% above the consensus $1,958M. With a non-GAAP operating margin of 22.9% (330bps better than cons.), profitability benefited from higher volumes and more stringent... More
Okta, Inc (OKTA) PT Lowered to $90 at Wells Fargo
August 29, 2024 6:11 AM EDTWells Fargo analyst Andrew Nowinski lowered the price target on Okta, Inc (NASDAQ: OKTA) to $90.00 (from $100.00) while maintaining a Equal Weight rating.
The analyst comments "OKTA was down ~9% AMC largely due to the CRPO guidance for Q3, which equates to just... More
Okta, Inc (OKTA) PT Lowered to $105 at JPMorgan
August 29, 2024 5:39 AM EDTJPMorgan analyst Brian Essex lowered the price target on Okta, Inc (NASDAQ: OKTA) to $105.00 (from $110.00) while maintaining a Neutral rating.
The analyst comments "Execution relatively healthy but we're still waiting for recovery. OKTA delivered solid results with better than expected cRPO, revenue, operating margin, and FCF. Results were positive as the company reached GAAP profitability for... More
Evercore ISI Starts Okta, Inc (OKTA) at Outperform
August 29, 2024 5:34 AM EDTEvercore ISI analyst Kirk Materne initiates coverage on Okta, Inc (NASDAQ: OKTA) with a Outperform rating and a price target of $122.00.
The analyst comments "OKTA delivered strong F2Q results that exceeded expectations, but the 2H rev (specifically the implied F4Q guide) & CRPO guide was disappointing and unexpected, given the positive checks from the quarter (here). While the progress on margins and FCF front helps offset the macro pressures hindering the top line, its likely not enough to excite investors until we get line of sight into the acceleration narrative... More
Okta, Inc (OKTA) PT Lowered to $85 at DA Davidson
August 29, 2024 5:31 AM EDTDA Davidson analyst Rudy Kessinger lowered the price target on Okta, Inc (NASDAQ: OKTA) to $85.00 (from $100.00) while maintaining a Neutral rating.
The analyst comments "Per usual, OKTA posted strong FQ2 upside against very conservative guidance. CRPO growth was +13% Y/Y... More
Okta, Inc (OKTA) PT Lowered to $110 at Citi
August 29, 2024 5:22 AM EDTCiti analyst Fatima Boolani lowered the price target on Okta, Inc (NASDAQ: OKTA) to $110.00 (from $115.00) while maintaining a Neutral rating.
The analyst comments "Results cleared undemanding topline hurdles (~2pt upside to cRPO 13%YoY consistent with last Q; ~2pt revs beat to 16% YoY) and OKTA... More
Okta, Inc (OKTA) PT Lowered to $104 at Mizuho
August 29, 2024 5:05 AM EDTMizuho analyst Gregg Moskowitz lowered the price target on Okta, Inc (NASDAQ: OKTA) to $104.00 (from $110.00) while maintaining a Neutral rating.
The analyst comments "As expected, cRPO growth of 13% Y/Y nicely exceeded mgmt's generally conservative guide of ~10-11% growth. However, mgmt... More
