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.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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