Okta price target raised to $105 from $96 at Barclays

Barclays raised the firm’s price target on Okta (OKTA) to $105 from $96 and keeps an Equal Weight rating on the shares ahead of the earnings report on March 3. The firm sees an upside scenario to Q4 remaining performance obligation of $2.2B, which it says balances mixed channel checks and historical bookings seasonality. Barclays models Okta’s fiscal 2027 revenue growth of 7%, but notes there could be an upside scenario of 8%-9%.