Okta Posts Q3 Beat, Guidance Miss: Analyst Says 'Sustainable Growth Remains Hazy'

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Investors may be "caught off-guard" by the company's preliminary guidance of revenues between $2.77 billion and $2.78 billion in fiscal 2026, which missed the consensus estimate of $2.81 billion, the analyst stated.

BMO Capital Markets On Okta

Analyst Keith Bachman reiterated a Market Perform rating while lifting the price target from $103 to $105.

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Article Details

Author / Journalist: Priya Nigam

Category: Technology

Markets: United States

Topics: Top Stories Keith Bachman Earnings Trading Ideas Piper Sandler Guggenheim Securities Adam Borg Price Target Ittai Kidron Movers Analyst Color Stories That Matter Goldman Sachs Benzinga John DiFuccci Analyst Ratings Tech OKTA Mike Cikos KeyBanc Capital Markets Gabriela Borges RBC Capital Markets Needham Expert Ideas Reiteration Matthew Hedberg Stifel Oppeneheimer BMO Capital Markets Earnings Beats Guidance Eric Heath Rob Owens

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 19:16:27 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1052 words

Reading Time: 6 minutes read

Sentences: 51 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24124522

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