Truist lowered the firm’s price target on Okta to $95 from $105 and keeps a Hold rating on the shares. The company reported solid Q2 numbers that were ahead of estimates and raised its topline and profit outlook higher for FY25, but gave disappointing Q3 cRPO guidance, the analyst tells investors in a research note. Okta is looking to make progress in its go-to-market organization, but new logo growth has been anemic and selling to the SMB space has remained a challenge, the firm added.
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