Okta price target raised to $110 from $105 at Mizuho

Mizuho raised the firm’s price target on Okta to $110 from $105 and keeps a Neutral rating on the shares. The firm says software investing “remains tough sledding,” with the recent on-cycle earnings season having been very choppy, and many investors continuing to favor some other tech sectors. Fundamental checks for the April period were healthy overall, yet uneven, the analyst tells investors in a research note. Mizuho picked up more indications that consumption-based businesses are on solid ground, but it believes net new business remains challenging.