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Why Okta Stock Was Climbing Today

Why Okta Stock Was Climbing Today

Shares of Okta (NASDAQ: OKTA) were higher today after the beaten-down stock got a positive analyst note from Jefferies, which said that the risk/reward on the cloud identity software company is appealing right now. As of 12:10 p.m. ET, Okta stock was up 3.8% on the news. In a note this morning, Jefferies analyst Joseph Gallo lowered his price target from $90 to $80 but maintained his buy rating on the stock.