Okta (OKTA) Receives a Hold from Morgan Stanley

Morgan Stanley analyst Melissa Franchi maintained a Hold rating on Okta (OKTA) today and set a price target of $131.00. The company’s shares closed last Monday at $124.42.

According to TipRanks.com, Franchi is a 1-star analyst with an average return of -6.9% and a 41.8% success rate. Franchi covers the Technology sector, focusing on stocks such as Forescout Technologies, CyberArk Software, and Tenable Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Okta with a $145.00 average price target, a 16.5% upside from current levels. In a report issued on March 12, Robert W. Baird also maintained a Hold rating on the stock with a $135.00 price target.

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The company has a one-year high of $142.98 and a one-year low of $79.55. Currently, Okta has an average volume of 1.78M.

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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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