Okta (OKTA) Stock Price: $170 Target And Outperform Rating

By Amit Chowdhry ● Jun 18, 2022
  • 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.