RBC Capital analyst Matthew Hedberg maintained a Buy rating on Okta (NASDAQ:OKTA) on Sunday, setting a price target of $235, which is approximately 18.90% above the present share price of $197.65.
Hedberg expects Okta to post earnings per share (EPS) of -$0.47 for the third quarter of 2020.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Okta, with an average price target of $235.29.
The analysts price targets range from a high of $266 to a low of $215.
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 $25.32 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.3% and a 72.65% 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.