Why Okta Stock Was Climbing Today
Shares of Okta (NASDAQ: OKTA) were higher today after the beaten-down stock got a positive analyst note from Jefferies, which said that the risk/reward on the cloud identity software company is appealing right now.
As of 12:10 p.m. ET, Okta stock was up 3.8% on the news.
In a note this morning, Jefferies analyst Joseph Gallo lowered his price target from $90 to $80 but maintained his buy rating on the stock. His new price target still implies a near-60% upside in the stock from yesterday's closing price.
Source Fool.com
