Jefferies lowered the firm’s price target on Okta (OKTA) to $100 from $105 and keeps a Hold rating on the shares. The firm expects fiscal Q2 cRPO to beat guidance of $2.203B, but thinks Okta will likely guide Q3 cRPO growth below the consensus view of 9.4%, which may raise questions on the FY27 revenue growth trajectory, the analyst tells investors in an earnings preview.
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