Okta shares shot up 18 to 22 percent in recent trading. The stock rise came as the company reported strong earnings and robust bookings growth. Financial firm UBS increased its price target to $200 from $150 after the announcement. Analysts at KeyBanc and Bernstein followed suit and kept their buy ratings for the stock. Related cybersecurity companies like CrowdStrike gained ground across the sector.
Sources & References
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Bernstein raises Okta stock price target on bookings strength By Investing.com - Investing.com Canada
Bernstein raises Okta stock price target on bookings strength By Investing.com Investing.com Canada
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Cybersecurity Stocks Rally on Twin Earnings Beats: Okta Spikes 22%, CrowdStrike Jumps 13% - Yahoo Finance
Cybersecurity Stocks Rally on Twin Earnings Beats: Okta Spikes 22%, CrowdStrike Jumps 13% Yahoo Finance
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Citizens Jmp Issues Positive Forecast for Okta (NASDAQ:OKTA) Stock Price - MarketBeat
Citizens Jmp Issues Positive Forecast for Okta (NASDAQ:OKTA) Stock Price MarketBeat
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Okta (NASDAQ:OKTA) Stock Soars 18% After Earnings as AI Agents Drive a Security Boom - Stocks Down Under
Okta (NASDAQ:OKTA) Stock Soars 18% After Earnings as AI Agents Drive a Security Boom Stocks Down Under
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KeyBanc raises Okta stock price target on strong results, AI growth - Investing.com Canada
KeyBanc raises Okta stock price target on strong results, AI growth Investing.com Canada