Aug 29, 06:01 AM

Truist and Canaccord Lift Okta to Buy Before Fiscal Q2 Report

Okta received back-to-back upgrades from Truist Securities and Canaccord Genuity in the run-up to its fiscal 2026 second-quarter results, which are scheduled for release after the market closes on Tuesday, Aug. 26. Truist analyst Junaid Siddiqui raised the identity-management company to Buy from Hold and lifted his price target to $125 from $100, citing easing growth headwinds and improving fundamentals. The call sent the shares to about $92, up roughly 3% in Monday trading. Canaccord Genuity followed a day later with its own upgrade to Buy from Hold, increasing its target to $120 from $115. The brokerage said it was gaining confidence in Okta’s evolving guidance framework and sales-force specialization efforts after recalibrating several quarters of operating metrics. The double upgrade highlights a growing view on Wall Street that the company’s efforts to reinvigorate sales and streamline operations may start showing through in the upcoming earnings report.

#Okta #Truist Securities #Canaccord Genuity #Truist #Junaid Siddiqui #Buy from Hold #Wall Street

Written with ChatGPT .

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Truist and Canaccord Lift Okta to Buy Before Fiscal Q2 Report

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