Stocks
JPMorgan Boosts Okta Price Target to $165.00 Amid Bullish Outlook
JPMorgan Chase & Co. has boosted its price target for Okta (NASDAQ:OKTA) stock to $165.00 from $120.00, implying a potential upside of 21.10%.
This increased forecast was part of a research report issued by JPMorgan Chase & Co. on Friday, which also included an 'overweight' rating for the stock.
A number of other equities analysts have recently made changes to their price targets and ratings for Okta's stock. KeyCorp reiterated its 'overweight' rating with a $180.00 price target, while Piper Sandler raised its price objective from $82.00 to $105.00 and gave the company a 'neutral' rating.
Institutional investors have also been active in trading Okta's stock, with Norges Bank purchasing a new stake worth $175 million in the fourth quarter.