- The shares of Okta Inc (NASDAQ: OKTA) have received a $170 price target from Oppenheimer. These are the details.
The shares of Okta Inc (NASDAQ: OKTA) have received a $170 price target from Oppenheimer. And Oppenheimer analyst Ittai Kidron is maintaining an “Outperform” rating on the shares.
Kidron adjusted the rating after Okta delivered strong first-quarter results, benefiting from solid core growth, impressive success with Auth0 integration/cross-sell, and higher international contribution. And Kidron is seeing a significant near-term opportunity in CIAM with continued cross-selling.
Plus Kidron believes that the conservative guide assumes potential macro headwinds.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.