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Okta's Trading Volume Surges 138% to $619 Million, Ranked 142nd Despite Stock Price Decline
Generated by AI AgentAinvest Volume Radar
Monday, Jun 9, 2025 8:21 pm ET1min read
On June 9, 2025, Okta's trading volume reached $619 million, marking a significant 138.17% increase from the previous day. This surge placed
at the 142nd position in terms of trading volume for the day. However, despite the high trading volume, Okta's stock price declined by 3.69%.Okta, Inc. has been the subject of various analyst ratings and forecasts. The average price target for Okta's stock is $123.32, with a low target of $75.00 and a high target of $148.00. The current stock price is $105.31. Analysts have also provided earnings estimates for the current quarter ending in July 2025 and the next quarter ending in October 2025.
Okta is among the cybersecurity stocks enhancing their platforms with AI to stay ahead of sophisticated threats. This strategic move is aimed at maintaining a competitive edge in the rapidly evolving cybersecurity landscape.
Despite reporting upbeat quarterly results, Okta's shares experienced a significant decline. Analysts, however, remain optimistic about the company's prospects, maintaining Buy ratings while adjusting their price targets.
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