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@ Layer3.news
2025-05-30 06:29:31
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgr8g2hyzql5lt4cxfjdj40hgtu6vydvsqvsesqy8canygcce3lwvyyapkyy
INVESTMENT BANK REMAINS BULLISH ON OKTA INC. (OKTA) AFTER Q1 RESULTS
https://s.yimg.com/ny/api/res/1.2/tAXJK3KVMG_zuoDA7kzI1A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzM-/https://media.zenfs.com/en/insidermonkey.com/4cbbb2a82849874ee840491626f778a2
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✍️ Okta, Inc. reported higher-than-expected backlog growth in Q1, but provided Q2 backlog-growth guidance below analysts' average estimate, causing DA Davidson to trim its price target on OKTA stock.
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👉 Okta, Inc. reported higher-than-expected backlog growth in Q1
👉 DA Davidson trimmed its price target on OKTA stock to $140 from $145
👉 DA Davidson kept a Buy rating on the company
👉 Okta's Q1 financial metrics were not undermined by macroeconomic challenges
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#business
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