Okta price target raised to $105 from $90 at Mizuho

Mizuho raised the firm’s price target on Okta to $105 from $90 and keeps a Neutral rating on the shares. The company reported a better than expected Q4, noted healthy activity with large enterprises, and full year guidance was raised, the analyst tells investors in a research note. The firm, however, lacks confidence in a meaningful fundamental turnaround at this time.