Why Okta's Shares Tumbled 14% Last Month
Shares of (NASDAQ: OKTA), an identity and access management (IAM) cybersecurity company, fell 14.2% in February, according to data provided by S&P Global Market Intelligence, after artificial intelligence company Anthropic debuted a new security tool that scans computer code for vulnerabilities.
Investors have been jittery about how artificial intelligence companies might disrupt established tech leaders, and that fear spread to many cybersecurity stocks last month, including Okta.
Image source: Getty Images.
Source Fool.com
Okta Inc. Aktie
70,08 €
2,58 %
Die Community bevorzugt Okta Inc., mit deutlich mehr Buy- (73) als Sell-Einschätzungen (3).
Ein Kursziel von 103 € für Okta Inc. würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 70.08 € bedeuten.
