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The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
In the latest trading session, Okta (OKTA) closed at $85.46, marking a +0.94% move from the previous day.
Okta (OKTA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The latest trading day saw Okta (OKTA) settling at $78.83, representing a +0.04% change from its previous close.
The latest trading day saw Okta (OKTA) settling at $74.45, representing a -1.68% change from its previous close.
Todd McKinnon, Okta CEO, joins CNBC's 'Money Movers' to discuss the company's new AI-focused tools, his growth strategy in an increasingly competitive landscape, and more.
LAS VEGAS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- More than 50% of executives expect deepfake attacks to increase over the next 12 months, but only 7% report using new technologies to detect deepfakes*. Meanwhile, researchers are repeatedly demonstrating how AI-generated ID documents, selfie photos, and videos can successfully fool antiquated Know Your Customer (KYC) verification checks.
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that it will webcast the Opening Keynote of Oktane and Investor Summit on October 16, 2024. Each presentation will be webcast live on the investor relations section of Okta's website at investor.okta.com. Details for each event are as follows: Event: Oktane Opening Keynote - The Future of Identity Security Date: Wednesday, October 16, 2024 Time: 9:00 a.m. Pacific time (12:00 p.m.
The average of price targets set by Wall Street analysts indicates a potential upside of 49% in Okta (OKTA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
OKTA has been oversold at current levels, as observed in the overly cheap valuations compared to its historical levels and its peers. With the company still reporting robust performance metrics and GAAP profitability for the first time, we believe that its investment thesis remains promising here. This is assuming that the Carahsoft raid does not trigger any headwinds to OKTA's near-term performance, given the recently raised FY2025 guidance.