The bank initiated coverage on Okta with a buy rating and a price target of $100, which implies 35% upside from Friday's closing price.
Shares of Okta are up 8.7% year to date, slightly outperforming the S & P 500's 7.7% gain. However, the workforce identity software company's stock has dropped more than 48% over the past 12 months.
mountain Okta stock "While Okta stumbled in CY22, 10+ conversations over the past 2 quarters suggest execution is improving and platform direction is resonating," analyst Roger Boyd wrote in a Sunday note. "We see Okta as well-positioned to benefit from continued identity tailwinds, a view supported by checks across the customer and partner community highlighting strong identity spending Intentions [and] detailed [total addressable market] analysis," Boyd added.
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Golf-ball-size hail possible east of Interstate 35 tonight, NWS warnsThe forecast for most of Bexar County and areas of the Hill Country west of I-35 calls for isolated thunderstorms.
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Severe storms possible Saturday night along, east of I-35Temperatures will quickly warm up into the 90s Saturday, with a risk of isolated severe storms in the afternoon and evening. FOX 7 Austin meteorologist Adaleigh Rowe has the details.
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'Phantom of the Opera' closing Sunday after historic 35-year run on Broadway'The Phantom of the Opera,' Broadway's longest-running show, closes Sunday after more than three decades. Christinafantv reports.
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'The Phantom of the Opera' closes on Broadway after 35 yearsThe final curtain came down Sunday on New York’s production of “The Phantom of the Opera,” ending Broadway’s longest-running show with thunderous standing ovations, champagne toasts and gold confetti. It was show No. 13,981 at the Majestic Theatre, and it ended with a reprise of “The Music of the Night” performed by the current cast, previous actors in the show — including original star Sarah Brightman — and crew members. Andrew Lloyd Webber took to the stage in a black suit and black tie and dedicated the final show to his son, Nick, who died last month after a protracted battle with gastric cancer and pneumonia.
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'The Phantom of the Opera' closes on Broadway after 35 yearsThe final curtain came down Sunday on New York’s production of “The Phantom of the Opera,” ending Broadway’s longest-running show with thunderous standing ovations, champagne toasts and silver confetti.
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