Canaccord Genuity analyst Richard Davis maintained a Buy rating on Okta Inc (NASDAQ: OKTA) today and set a price target of $75. The company’s shares opened today at $69.25, close to its 52-week high of $75.
According to TipRanks.com, Davis is a top 25 analyst with an average return of 39.4% and a 82.2% success rate. Davis covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Altair Engineering Inc, and Upland Software.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Okta Inc with a $68 average price target, representing a -1.8% downside. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $74 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $75 and a one-year low of $24.50. Currently, Okta Inc has an average volume of 2.01M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Okta, Inc. provides an enterprise-grade identity management services. Its products include single sign-on, multi factor authentication, API access management, API products and integration network services. Okta was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.
