KeyBanc Believes Okta Inc (OKTA) Still Has Room to Grow


KeyBanc analyst Rob Owens maintained a Buy rating on Okta Inc (NASDAQ: OKTA) today and set a price target of $57. The company’s shares closed yesterday at $49.52, close to its 52-week high of $51.

According to TipRanks.com, Owens is a top 100 analyst with an average return of 26.9% and a 75.4% success rate. Owens covers the Technology sector, focusing on stocks such as New Relic Inc, Dropbox Inc, and Splunk Inc.

Currently, the analyst consensus on Okta Inc is Strong Buy and the average price target is $50.60, representing a 2.2% upside.

In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $51 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $51 and a one-year low of $21.52. Currently, Okta Inc has an average volume of 1.91M.

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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.

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