Okta price target raised to $100 from $90 at Stifel

Stifel analyst Adam Borg raised the firm’s price target on Okta to $100 from $90 and keeps a Buy rating on the shares, stating that the company delivered "a second consecutive encouraging print" that included all Q4 metrics above expectations. Okta is "not out of the woods," but the quarterly report "is a solid step towards rebuilding investor credibility and demonstrating that last year’s operational/GTM changes are taking hold," the analyst tells investors.