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Stifel Nicolaus Sticks to Its Buy Rating for Okta (OKTA)

Tipranks - Tipranks - Fri Mar 6, 5:58AM CST

In a report released today, Adam Borg from Stifel Nicolaus maintained a Buy rating on Okta, with a price target of $92.00.

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According to TipRanks, Borg is a 4-star analyst with an average return of 9.1% and a 57.75% success rate. Borg covers the Technology sector, focusing on stocks such as Autodesk, Check Point, and Palo Alto Networks.

In addition to Stifel Nicolaus, Okta also received a Buy from Canaccord Genuity’s Kingsley Crane in a report issued today. However, on the same day, Citi assigned a Hold rating to 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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