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Truist Financial Remains a Buy on Okta (OKTA)

Tipranks - Tipranks - Fri Mar 6, 6:46AM CST

In a report released today, Junaid Siddiqui from Truist Financial reiterated a Buy rating on Okta, with a price target of $100.00.

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Siddiqui covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Cloudflare, and CommVault Systems. According to TipRanks, Siddiqui has an average return of 1.8% and a 36.00% success rate on recommended stocks.

In addition to Truist Financial, Okta also received a Buy from Morgan Stanley’s Meta Marshall 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 January 31, the company reported a quarterly net profit of $63 thousand. In comparison, last year the company earned a revenue of $682 million and had a net profit of $23 million

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