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Piper Sandler Sticks to Their Hold Rating for Okta (OKTA)

Tipranks - Tipranks - Fri Mar 6, 6:30AM CST

In a report released today, Rob Owens from Piper Sandler maintained a Hold rating on Okta, with a price target of $82.00.

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According to TipRanks, Owens is a 5-star analyst with an average return of 16.0% and a 58.20% success rate. Owens covers the Technology sector, focusing on stocks such as Zscaler, JFrog, and Palo Alto Networks.

In addition to Piper Sandler, Okta also received a Hold from TipRanks – xAI’s xAi Software – Infrastructure in a report issued today. However, on the same day, Canaccord Genuity 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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