Canaccord Genuity analyst David Hynes maintained a Hold rating on Okta (NASDAQ:OKTA) on Friday, setting a price target of $190, which is approximately 2.85% below the present share price of $195.58.
Hynes expects Okta to post earnings per share (EPS) of -$0.47 for the second quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Okta, with an average price target of $177.38.
The analysts price targets range from a high of $210 to a low of $132.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $182.86 million and a net profit of -$52.2 million. The company's market cap is $24.37 billion.
According to TipRanks.com, Canaccord Genuity analyst David Hynes is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 32.9% and a 77.23% success rate.
Okta, Inc. provides an enterprise-grade identity management services. Its products include single sign-on, multi factor authentication, API access management, API products and integration network services. Okta was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.