Canaccord Genuity Keeps Their Hold Rating on Okta Inc

By Carrie Williams

Canaccord Genuity analyst Richard Davis reiterated a Hold rating on Okta Inc (NASDAQ: OKTA) on June 7 and set a price target of $27. The company’s shares opened today at $27.43, close to its 52-week high of $28.25.

According to TipRanks.com, Davis is a top 25 analyst with an average return of 26.3% and a 76.3% success rate. Davis covers the Technology sector, focusing on stocks such as Bottomline Technologies, Nuance Communications, and Ultimate Software.

Okta Inc has an analyst consensus of Hold, with a price target consensus of $27.

The company has a one year high of $28.25 and a one year low of $22.60. Currently, Okta Inc has an average volume of 577.3K.

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Okta, Inc. provides an enterprise-grade identity management services. Its products include training and certification, support, professional services, and adoption services. The company also offers identity, security, digital business, and mobility solutions. Okta was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.