Okta stock wobbles in premarket after 5% drop as Wall Street trims targets ahead of March 4 earnings
Okta shares were flat in premarket trading Wednesday after dropping 5.4% Tuesday to $82.46. Mizuho and Truist cut price targets as software valuations fell across the sector. Investors await Okta’s March 4 earnings report for signs of demand and bookings strength. The S&P 500 software index fell 1.6% Tuesday, tracking weakness in the group.