Okta price target raised to $105 from $85 at Truist

Truist raised the firm’s price target on Okta to $105 from $85 and keeps a Hold rating on the shares. The company reported strong Q4 numbers that were ahead of estimates and revised their topline and profit guidance higher for FY25, the analyst tells investors in a research note. Okta is seeing strength with large customers and success with uplift from its OIG and PAM solutions in Workforce Identity, though the company is also facing increasing macroeconomic headwinds as well as sales integration issues, the firm added.