Okta Announces Third Quarter Fiscal Year 2024 Financial Results
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Wall Street analysts downgrade Okta (OKTA) as financial performance reflects the 'impact of recent high-profile breaches'
November 30, 2023 9:54 AM ESTOkta, Inc. (NASDAQ: OKTA) shares were downgraded by analysts at TD Cowen, Wells Fargo and KeyBanc in noted over the last couple of days following its latest earnings release.
TD Cowen lowered the stock to Market Perform from Outperform, lowering the price target to $74 from $100 per share. The firm said OKTA's guidance indicates deceleration.
"We are downgrading OKTA to Market Perform from Outperform... More
Okta, Inc (OKTA) PT Lowered to $70 at DA Davidson, 'FY25 Prelim Outlook Well Below'
November 29, 2023 9:44 AM ESTDA Davidson analyst Rudy Kessinger lowered the price target on Okta, Inc (NASDAQ: OKTA) to $70.00 (from $80.00) while maintaining a Neutral rating.
The analyst comments "This morning, OKTA published an update on the recent breach, gave Q3 results & Q4 guidance, & gave a... More
Okta, Inc. (OKTA) Tops Q3 EPS by 15c, Guidance Tops Views
November 29, 2023 7:17 AM ESTOkta, Inc. (NASDAQ: OKTA) reported Q3 EPS of $0.44, $0.15 better than the analyst estimate of $0.29. Revenue for the quarter came in at $584 million versus the consensus estimate of $560.4 million.
GUIDANCE:
Okta, Inc. sees Q4 2024 EPS of $0.50-$0.51, versus the consensus... More
