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。

熱議股票

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