Okta (OKTA) Stock: $130 Price Target And Overweight Rating

By Amit Chowdhry ● May 16, 2022
  • The shares of Okta, Inc (NASDAQ: OKTA) have received a $130 price target from Wells Fargo. These are the details.

The shares of Okta, Inc (NASDAQ: OKTA) have received a $130 price target from Wells Fargo. And Wells Fargo analyst Andrew Nowinski is maintaining an “Overweight” rating on the shares.

Nowinski adjusted the rating while adjusting the price targets for several of the off-calendar security software vendors in conjunction with the first quarter resellers survey. And Nowinski pointed out that valuations across the software space have pulled back considerably given the broader market correction.

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