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. Stock
€53.66
-7.310%
The stock is one of the favorites of our community with 73 Buy predictions and 3 Sell predictions.
As a result the target price of 106 € shows a very positive potential of 97.54% compared to the current price of 53.66 € for Okta Inc..
