Analyst Downgrades Okta Stock on Slow Growth, Mixed Feedback

Okta Inc (NASDAQ:OKTA) stock is 1.9% lower ahead of the opening bell, looking to start today's session around the $77 mark on the heels of a sour analyst note. Deutsche Bank downgraded the cybersecurity software stock to "hold" from "buy" and cut its price target from $115 to $85. The analyst cited mixed customer feedback and slower-than-expected growth as catalysts for the bear note.While most analysts were bearish on OKTA coming into today, there's still room for positive sentiment to unwind. Of the 36 co ...