Okta Inc. climbed about 2.5% to $92.05 after Truist Securities upgraded the identity-management company to Buy from Hold and lifted its price target to $125 from $100, saying growth headwinds are easing ahead of the firm’s fiscal second-quarter results. Canaccord Genuity followed with its own upgrade to Buy, nudging its target to $120 from $115. The brokerage cited clearer guidance and progress in reorganising Okta’s sales force as reasons for a more constructive view. Okta is scheduled to report results after the market closes on Tuesday. Analysts on average expect earnings of $0.85 a share on revenue of $711.84 million, figures investors will watch to assess whether the company’s turnaround is taking hold.
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BofA initiates coverage on $OKLO with a Buy rating and a $92 price target, indicating a 30% upside. Oklo's advanced nuclear reactors are set to meet rising AI energy demands, supported by a robust customer pipeline.
BofA analyst Dimple Gosai initiates coverage on $OKLO with a Buy rating and a $92 price target.