California Resources, Okta And 3 Stocks To Watch Heading Into Monday

As the market enters a new week, investors are keeping a close eye on several stocks that have been making headlines. California Resources Corporation (CRC), Okta, Inc. (OKTA), and three other stocks are among those drawing attention. Let's dive into the key metrics, analyst ratings, and recent developments surrounding these companies.

California Resources Corporation (CRC) has been in the spotlight recently, with analysts from BofA and Truist adjusting their price targets for the stock. BofA adjusted its price target to $64 from $65, while maintaining a "Buy" rating. Truist initiated coverage on CRC with a "Buy" rating and a price target of $75. These adjustments reflect a mixed outlook on the company's current valuation and future prospects. CRC's stock price has been volatile, with a 52-week range of $23.59 to $54.68. The company's enterprise value (EV) has fluctuated, with a 52-week range of $1,966 million to $5,533 million. CRC's P/E ratio has ranged from 5.8x to 13.2x over the past 52 weeks. Analysts expect CRC to report quarterly earnings of $0.97 per share on revenue of $897.75 million before the opening bell on March 3, 2025.

Okta, Inc. (OKTA) has also garnered attention from analysts, with an average rating of "Buy" and a 12-month stock price forecast of $106.26 (17.43% upside). OKTA's stock price has been more stable, with a 52-week range of $88.66 to $294.00. The company's market capitalization has ranged from $21.79 billion to $36.13 billion. OKTA's P/E ratio has ranged from 11.21x to 204.38x, and its EV/Sales ratio has ranged from 2.59x to 11.49x. OKTA's EV/EBITDA ratio has ranged from 3.06% to 11.49%. Analysts expect OKTA to report quarterly earnings of $0.74 per share on revenue of $669.46 million after the closing bell on March 3, 2025.

While not explicitly mentioned in the provided information, Nomad Foods Ltd. (NOMD), Middlesex Water Co. (MSEX), and MRC Global Inc. (MRC) are also worth keeping an eye on. These companies have been in the news recently, with analysts expecting them to report earnings in the coming days. As the market awaits these earnings reports, investors will be watching for any insights into the companies' future prospects and potential impacts on their stock prices.

In conclusion, California Resources Corporation, Okta, Inc., and the other three stocks mentioned in the article are poised to make headlines as the market enters a new week. Investors should pay close attention to these companies' key financial metrics, analyst ratings, and recent developments to make informed investment decisions. As always, it is essential to conduct thorough research and consider seeking advice from a financial advisor before making any investment decisions.