Why Okta Stock Plunged on Wednesday
Cybersecurity specialist Okta (NASDAQ: OKTA) took a tumble Wednesday, falling 14.6% through noon ET. The crazy thing is, Okta's news looked pretty good.
Wall Street anticipated Okta would report fiscal Q1 2026 profits of $0.77 per share, adjusted for one-time items, on sales of $680.1 million. In fact, Okta said it earned $0.86 per share on sales of $688 million.
Image source: Getty Images.
Source Fool.com
Okta Inc. Stock
€75.34
-1.240%
The stock is one of the favorites of our community with 69 Buy predictions and 3 Sell predictions.
As a result the target price of 115 € shows a very positive potential of 52.64% compared to the current price of 75.34 € for Okta Inc..
