Canaccord Genuity analyst Michael Walkley maintained a Buy rating on Okta (NASDAQ:OKTA) on Wednesday, setting a price target of $300, which is approximately 31.26% above the present share price of $228.55.
Walkley expects Okta to post earnings per share (EPS) of -$0.58 for the second quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Okta, with an average price target of $273.
The analysts price targets range from a high of $300 to a low of $235.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $234.74 million and a net profit of -$54.6 million. The company's market cap is $29.99 billion.
According to TipRanks.com, Canaccord Genuity analyst Michael Walkley is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.7% and a 64.94% success rate.
Okta, Inc. provides identity management services to enterprises. Its products include Single Sign-On, Adaptive Multi-Factor Authentication, Mobility Management, Lifecycle Management, Universal Directory, API access management, API products and integration network services.