Why did Okta stock surge today? Q3 results, guidance leads to Wall Street praise

Dec. 01, 2022 4:02 PM ETOkta, Inc. (OKTA)By: Chris Ciaccia, SA News Editor

Okta sign, logo on headquarters building of identity and access management software company.

Michael Vi

Okta (NASDAQ:OKTA) shares gained more than 26% on Thursday to close at $67.48 after the identity access management company posted third-quarter results and guidance, leading to praise from several Wall Street analysts amid several execution struggles.

Morgan Stanley analyst Hamza

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