Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Ian Cooper

Wells Fargo Upgrades Okta Stock as Growth Story Shows Signs of Turning a Corner

Wells Fargo recently upgraded Okta (OKTA) stock to an “Overweight” rating with a price target of $180 per share. This upgrade is important because Okta has faced concerns about slowing growth in recent years. Wells Fargo now believes those concerns may be easing as demand for identity and access management products picks up and Okta continues to make progress on its strategy.

Wells Fargo analyst Richard Poland believes that Okta’s strategy is starting to pay off. The analyst pointed to the company's focus on large enterprise customers, its growing partner network, stronger sales of identity governance products, and renewed focus on Auth0 as key areas showing progress. Let's take a closer look.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.