Okta (OKTA) Stock: $225 Price Target And Buy Rating
Apr 4th, 2022 8:19 EST
The shares of Okta Inc (NASDAQ: OKTA) have received a $225 price target from Mizuho. These are the details.
The shares of Okta Inc (NASDAQ: OKTA) have received a $225 price target from Mizuho. And Mizuho analyst Gregg Moskowitz reiterated a “Buy” rating on the shares.
Moskowitz adjusted the rating after meeting with company management. Moskowitz noted that Okta’s risk/reward looks quite favorable. And Okta expressed a lot of confidence in Auth0 and placed emphasis on aggressively pursuing the high-growth, and accelerating, customer identity and access management opportunity.
While profitability remains an issue for the company and the security breach was an unwelcome recent surprise, Okta’s organic growth remains strong.
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