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Okta price target raised to $140 from $120 at JPMorgan
Okta price target raised to $140 from $120 at JPMorgan

Yahoo

time24-05-2025

  • Business
  • Yahoo

Okta price target raised to $140 from $120 at JPMorgan

JPMorgan raised the firm's price target on Okta (OKTA) to $140 from $120 and keeps an Overweight rating on the shares as part of an earnings preview The firm cites recent peer multiple expansion for the target increase. The analyst expects a :relatively healthy performance this quarter' for Okta in spite of several headwinds, including seat-based renewal pressure expected to persist through the middle of fiscal 2026. JPMorgan expects the company will continue to see improving sales productivity as we move through fiscal 2026. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on OKTA: Disclaimer & DisclosureReport an Issue Okta price target raised to $135 from $110 at Jefferies Okta price target raised to $150 from $120 at UBS Okta price target raised to $142 from $123 at BTIG Okta price target raised to $140 from $130 at Guggenheim Okta upgraded to Mixed from Negative view at BWG Global Sign in to access your portfolio

Hong Kong Dollar Falls Toward Weak End of Band on Carry Allure
Hong Kong Dollar Falls Toward Weak End of Band on Carry Allure

Bloomberg

time21-05-2025

  • Business
  • Bloomberg

Hong Kong Dollar Falls Toward Weak End of Band on Carry Allure

The Hong Kong dollar edged closer to the weak end of its trading range as sliding local interest rates encouraged traders to increase their borrowing of the currency to fund carry trades. The local dollar slipped to as low as 7.8294 to the greenback, approaching the limit of its allowed band at 7.85. The currency has fallen almost 1% in May to head for the biggest one-month decline since it was pegged to its US peer in 1983.

China's CATL set to price shares at HK$263 each in Hong Kong listing, sources say
China's CATL set to price shares at HK$263 each in Hong Kong listing, sources say

Reuters

time14-05-2025

  • Business
  • Reuters

China's CATL set to price shares at HK$263 each in Hong Kong listing, sources say

SYDNEY, May 14 (Reuters) - Chinese battery maker CATL ( opens new tab is set to price its shares at HK$263 ($33.70) each in the company's Hong Kong listing, according to two sources with direct knowledge of the matter, raising at least $4 billion. Prospective investors have been told orders for stock made below HK$263 per share risk missing out on allocations, the sources added. The sources could not be named discussing confidential information. CATL did not immediately respond to a request for comment. ($1 = 7.8048 Hong Kong dollars)

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