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Market Impact: 0.22

Raymond James Upgrades Okta to Outperform: Is This Beaten-Down Cybersecurity Stock a Screaming Buy at $60?

OKTA
Analyst InsightsCybersecurity & Data PrivacyCompany Fundamentals

Okta received a Buy-equivalent upgrade from Raymond James, which raised the stock to Outperform from Market Perform and set an $85 price target. The note is a constructive analyst call on the identity security company, but it does not include new operating results or guidance. The primary near-term impact is likely limited to sentiment and valuation support for OKTA shares.

Analysis

Okta received a Buy-equivalent upgrade from Raymond James, which raised the stock to Outperform from Market Perform and set an $85 price target. The note is a constructive analyst call on the identity security company, but it does not include new operating results or guidance. The primary near-term impact is likely limited to sentiment and valuation support for OKTA shares.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.42

Ticker Sentiment

OKTA0.45