Analysts are Raising Price Targets of These 5 Stocks

4. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 57    

Okta, Inc. (NASDAQ:OKTA) is a California-based firm that provides identity management platforms for enterprise clients. It is placed fourth on our list of 10 stocks that analysts are raising price targets of.

On September 28, investment advisory Morgan Stanley upgraded Okta, Inc. (NASDAQ:OKTA) stock to Overweight from Equal Weight and raised the price target to $315 from $275, noting the improved demand environment and buy-in with developers as growth catalysts for the firm.

At the end of the second quarter of 2021, 57 hedge funds in the database of Insider Monkey held stakes worth $2 billion in Okta, Inc. (NASDAQ:OKTA), up from 48 in the preceding quarter worth $1.6 billion.