Okta Stock Gets a Buy Rating Ahead of Earnings. Why It’s Being Upgraded Now.

Published 2 months ago Positive
Okta Stock Gets a Buy Rating Ahead of Earnings. Why It’s Being Upgraded Now.
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Okta got a boost from a Wall Street analyst as investors prepare for the identity-security company’s second-quarter earnings. Junaid Siddiqui of Truist Securities upgraded shares to Buy from Hold and lifted his price target to $125 from $100 in a research note on Monday. Shareholders should expect solid quarterly results, Siddiqui said, and Okta is well-positioned in a market ripe for consolidation.

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