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2021-07-13
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Goldman rates Okta as a buy, says security software stock can jump 27%
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That has made the price of the stock appear cheap relative to its peers when valued on expected sales, according to Goldman.\nEssex said he was bullish on Okta’s recent acquisition of identity company Auth0, saying that the move should be a long-term positive for the company even if it may have contributed to the stock’s underperformance this year.\n“We believe Auth0 will provide Okta with better exposure to developers, greater penetration of International markets, additional integration capability, and additional visibility into [customer identity access management] usage patterns,” the note said.\nGoldman set a price target of $312 per share for the stock, which is 27% above where the stock closed on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":989,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/142705790"}
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