KeyBanc analyst Rob Owens maintained a Buy rating on Okta Inc (NASDAQ: OKTA) today and set a price target of $65. The company’s shares closed yesterday at $54.14, close to its 52-week high of $58.56.
According to TipRanks.com, Owens is a top 100 analyst with an average return of 28.7% and a 76.6% 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 $57.33, representing a 5.9% upside.
In a report issued on May 24, Oppenheimer also assigned a Buy rating to the stock with a $51 price target.
See today’s analyst top recommended stocks >>
Based on Okta Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $25.96 million. In comparison, last year the company had a GAAP net loss of $28.9 million.
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.
