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Susquehanna Remains a Hold on Okta (OKTA)

Tipranks - Tipranks - Fri Mar 6, 7:50AM CST

Susquehanna analyst Shyam Patil maintained a Hold rating on Okta today and set a price target of $80.00.

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According to TipRanks, Patil is a 5-star analyst with an average return of 8.9% and a 53.88% success rate. Patil covers the Communication Services sector, focusing on stocks such as Baidu, Criteo SA, and Magnite.

In addition to Susquehanna, Okta also received a Hold from Citi’s Fatima Boolani 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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