OKTA Crosses Above Average Analyst Target
June 06, 2019 at 09:21 AM EDT
In recent trading, shares of Okta Inc (OKTA) have crossed above the average analyst 12-month target price of $115.61, changing hands for $119.49/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..