Okta stock shot up 18 to 22 percent following market activity. This notable gain followed news that the company posted strong earnings and solid bookings growth. Financial firm UBS raised its price target to $200 from $150 after the announcement. Researchers at KeyBanc and Bernstein followed suit and maintained their buy ratings on the company. Related cybersecurity firms like CrowdStrike also advanced 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