Okta to Post Solid Fiscal Q2 Results, Truist Says

MT Newswires Live
08/25

Okta (OKTA) is expected to post solid fiscal Q2 results on Tuesday as the company is nearing an inflection point, Truist Securities said in an earnings preview Monday.

Headwinds from seat count pressure and go-to-market changes will abate for the identity management company in fiscal H2, the firm said.

Truist said it believes that the company's recently announced go-to-market specialization should drive new logos and upsell.

The firm said it is optimistic that the company has the right go-to-market in place with the "early success with the hunter-farmer model" in US small and midsize businesses and its traction in the US public sector.

Truist upgraded Okta's rating to buy from hold and raised its price target to $125 from $100.

Price: 92.09, Change: +0.04, Percent Change: +0.04

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10