Okta Posts Q3 Beat, Guidance Miss: Analyst Says 'Sustainable Growth Remains Hazy'
Okta(OKTA) Benzinga·2024-12-05 03:16
Okta Inc OKTA shares were climbing on Wednesday after the company reported upbeat third-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.BMO Capital Markets On OktaAnalyst Keith Bachman reiterated a Market Perform rating while lifting the price target from $103 to $105.Okta generated revenue growth of 14% year-on-year, exceeded consensus of 11%, Bachman said in a note. "We believe Okta executed well against a macro that remains characteri ...