Okta Stock News

The analyst says identity and theft security continue to gain importance, especially amid heightened tensions with Russia.

The partnership will help providers prevent ransomware attacks and will take the Okta relationship global.

Shares of Okta Inc (NASDAQ: OKTA ) have lost 42% over the past six months, while the company’s organic growth remains strong, according to Mizuho Securities. The Okta Analyst: Gregg Moskowitz upgraded the rating for Okta from Neutral to Buy, while keeping the price target unchanged at $225. The Okta Thesis: Auth0, which the company acquired last year, has begun contributing and its growth has been robust and better than expected, Moskowitz said in the upgrade … Full story available on Benzinga.com

Upgrades According to Janney Montgomery Scott, the prior rating for Wintrust Financial Corp (NASDAQ: WTFC ) was changed from Neutral to Buy. Wintrust Finl earned $1.58 in the fourth quarter, compared to $1.63 in the year-ago quarter. The stock has a 52-week-high of $105.56 and a 52-week-low of $65.66. At the end of the last trading period, Wintrust Finl closed at $87.30. B of A Securities upgraded the previous rating for Delek US Holdings Inc (NYSE: DK ) from Underperform to Neutral. In the fourth quarter, Delek US Hldgs showed an EPS of $0.61, compared to $2.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.21 and a 52-week-low of $13.48. Delek US Hldgs closed at $18.00 at the end of the last trading period. B of A Securities upgraded the previous rating for PBF Energy Inc (NYSE: PBF ) from Neutral to Buy. For the fourth quarter, PBF Energy had an EPS of $1.28, compared to year-ago quarter EPS of $4.53. The current stock performance of PBF Energy shows a 52-week-high of $21.32 and a 52-week-low of $7.24.

Tuesay''s top analyst upgrades and downgrades included AngloGold Ashanti, Ares Capital, Bank of America, Beyond Meat, Bluebird Bio, Coinbase Global, ConocoPhillips, Dell Technologies, Empire State Realty Trust, HollyFrontier, MicroVision, Next Era Energy, Okta and TAL Education.

The company is still an attractive risk-reward opportunity, despite its recent lackluster earnings performance, Mizuho said.

Shares of Okta Inc. bounced 1.5% in premarket trading Tuesday, after Mizuho analyst Gregg Moskowitz turned bullish on the identity management software company, saying the stock is "difficult to ignore at these levels." The stock had plunged 35.7% over the past three months to close Monday at the lowest price since May 1, 2020. In comparison, the ETFMG Prime Cyber Security ETF has shed 9.1% over the past three months and the S&P 500 has declined 10.6%. Mizuho''s Moskowitz raised his rating on Okta''s stock to buy from neutral while keeping his price target at $225, which implies about 46% upside from Monday''s closing price. He said while profitability remains an issue, organic growth is still strong and growth of Okta''s Auth0 offering has been robust. "We continue to believe OKTA''s technological and GTM [global trade management] advantages versus most peers are significant, and at 9x CY23E revenue we believe the risk/reward has become difficult to ignore, even amid a tumultuous market," Moskowitz wrote in a note to clients.

Shares of Okta Inc. OKTA, -2.53% bounced 1.5% in premarket trading Tuesday, after Mizuho analyst Gregg Moskowitz turned bullish on the identity management software company, saying the stock is "diffic

Asset manager Cathie Wood of Ark Investment Management continues to buy and divest. She sees long-term strength for her funds.

The digital transformation specialist expects to book a loss again this fiscal year.

The digital transformation specialist expects to book a loss again this fiscal year.

These businesses should benefit as the cost of cybercrime continues to skyrocket.

Analysts continue to reduce their expectations on the tech company.

The identity for the cloud company continues to grow steadily.