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.
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Source Fool.com
Okta Inc. Stock
€110.58
1.300%
With 81 Buy predictions and 4 Sell predictions Okta Inc. is one of the favorites of our community.
On the other hand, the target price of 105 € is below the current price of 110.58 € for Okta Inc., so the potential is actually -5.05%.
