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Barclays Sticks to Its Hold Rating for Okta (OKTA)

Tipranks - Tipranks - Fri Mar 6, 1:59AM CST

Barclays analyst Saket Kalia maintained a Hold rating on Okta today and set a price target of $85.00.

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Kalia covers the Technology sector, focusing on stocks such as Autodesk, Varonis Systems, and Intapp. According to TipRanks, Kalia has an average return of 4.0% and a 50.62% success rate on recommended stocks.

In addition to Barclays, Okta also received a Hold from TipRanks – Anthropic’s Anthropic Software – Infrastructure in a report issued today. However, on the same day, KeyBanc maintained a Buy rating on Okta (NASDAQ: OKTA).

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Based on Okta’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $742 million and a net profit of $43 million. In comparison, last year the company earned a revenue of $665 million and had a net profit of $16 million

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