Okta (OKTA) delivered mixed fiscal Q1 results, with revenue, operating income and earnings per share exceeding consensus estimates, Oppenheimer said late Tuesday.
Oppenheimer analysts said the company's guidance, however, implied a second sequential decline in current remaining performance obligations, a leading revenue growth indicator.
"We expect the shares to remain range-bound in the near
term until cRPO patterns reverse and macro concerns abate," the analysts said.
"We see potential upside to a cautious 2H outlook as new products scale and GTM initiatives mature," they added. Oppenheimer kept its outperform rating and a $135 price target on the stock.
Price: 106.90, Change: -18.60, Percent Change: -14.82
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。