Okta price target lowered to $85 from $110 at Susquehanna

Susquehanna lowered the firm’s price target on Okta to $85 from $110 and keeps a Neutral rating on the shares. Okta posted Q2 results with most metrics above expectations and raised its FY25 guidance, though guidance had some “noise,” and management emphasized it is continuing to guide conservatively due to the challenging macro and potential impacts from last October’s breach, the analyst tells investors in a research note.