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Evercore ISI Sticks to Their Buy Rating for Okta (OKTA)

Tipranks - Tipranks - Sat Mar 7, 6:30AM CST

Evercore ISI analyst Peter Levine maintained a Buy rating on Okta yesterday and set a price target of $130.00. The company’s shares closed yesterday at $79.65.

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Levine covers the Technology sector, focusing on stocks such as Palo Alto Networks, Fortinet, and Check Point. According to TipRanks, Levine has an average return of 5.3% and a 43.09% success rate on recommended stocks.

In addition to Evercore ISI, Okta also received a Buy from BMO Capital’s Keith Bachman in a report issued today. However, on the same day, Citi maintained a Hold 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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