Okta is a company that makes things to help protect people's information. They just shared how well they did in the last few months, and they did even better than what some experts thought they would do. Even though the company's stock price went down a little bit, some experts still think it's a good stock to buy. They made changes to how much they think the stock is worth, but overall, they still like Okta. Read from source...

I found none of that in the article `These Analysts Cut Their Forecasts On Okta After Q2 Results`. The article is quite professional, and the analysts' opinions are well articulated. Baird's Shrenik Kothari maintained Okta with an Outperform and lowered the price target from $108 to $105. B of A Securities analyst Madeline Brooks downgraded the stock from Buy to Underperform and lowered the price target from $135 to $75. Wells Fargo analyst Andrew Nowinski maintained Okta with an Equal-Weight and lowered the price target from $100 to $90. UBS analyst Roger Boyd maintained the stock with a Buy and lowered the price target from $120 to $108. Scotiabank analyst Patrick Colville maintained Okta with a Sector Perform and lowered the price target from $104 to $92. These changes to the price targets were based on the company's Q2 results, and it's not uncommon for analysts to adjust their forecasts following earnings reports. There are no personal attacks or irrational arguments in the article.

Neutral

Although Okta has shown better-than-expected results and has lowered prices, the adjustments by analysts indicate a more cautious approach, which could be seen as a neutral sentiment.

Following the release of Okta's Q2 2024 results, it has come as no surprise that several analysts revised their forecasts. Okta's better-than-expected financial results led to downward revisions from B of A Securities, Baird, Wells Fargo, and others.

B of A Securities' Madeline Brooks downgraded Okta from Buy to Underperform and lowered the price target from $135 to $75. Similarly, Baird's Shrenik Kothari maintained an Outperform rating but lowered the price target from $108 to $105.

On the other hand, UBS analyst Roger Boyd maintained a Buy rating on Okta and lowered the price target from $120 to $108. Likewise, Wells Fargo analyst Andrew Nowinski maintained an Equal-Weight rating and lowered the price target from $100 to $90.

Scotiabank analyst Patrick Colville maintained Okta at a Sector Perform rating and lowered the price target from $104 to $92.

Although Okta's Q2 results exceeded expectations, recent downward revisions suggest potential risks that investors should consider before buying into Okta. As always, carefully review these changes within the context of your overall investment strategy.