Okta price target raised to $110 from $105 at JMP Securities

JMP Securities analyst Trevor Walsh raised the firm’s price target on Okta to $110 from $105 and keeps an Outperform rating on the shares. The company’s Q4 earnings and billings growth topped expectations and marked the second consecutive quarter of markedly improved execution, reduced attrition, and major increases in profitability, the analyst tells investors in a research note.