Citi raised the firm’s price target on Okta (OKTA) to $100 from $95 and keeps a Neutral rating on the shares. The firm also opened a “90-day positive catalyst watch” on the shares. Okta’s sales setup in Q4 against a “near-trough valuation,” leaves relative and absolute multiple expansion opportunity, the analyst tells investors in a research note. Citi thinks the company’s Q4 current remaining performance obligation coming in at low-double-digit growth and “bumped higher” fiscal 2026 guidance should elicit a positive stock reaction.
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