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Scotiabank Sticks to Its Hold Rating for Okta (OKTA)

Tipranks - Tipranks - Fri Mar 6, 7:02AM CST

In a report released today, Patrick Colville from Scotiabank reiterated a Hold rating on Okta, with a price target of $80.00.

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Colville covers the Technology sector, focusing on stocks such as Akamai, Check Point, and Fortinet. According to TipRanks, Colville has an average return of -0.1% and a 45.45% success rate on recommended stocks.

In addition to Scotiabank, Okta also received a Hold from Barclays’s Saket Kalia 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 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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