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KeyBanc Raises Okta Stock Price Target As Company Develops New Access Management Standards

KeyBanc Raises Okta Stock Price Target As Company Develops New Access Management Standards

Key Stats for Okta Stock

  • Price change for Okta stock Today: -7%
  • $OKTA Stock Price as of Jul. 10: $139
  • 52-Week High: $153
  • $OKTA Stock Price Target: $123

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What Happened?

KeyBanc raised its price target on Okta (OKTA) stock to $175 from $130 on Thursday, while maintaining its Overweight rating. Shares currently trade around $139, sitting close to their 52-week high of $153.20, after climbing an impressive 66% so far this year.

KeyBanc’s bullish call centers on Okta’s access management capabilities and its position as a market leader in identity security.

The firm specifically pointed to…

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