Okta price target raised to $110 from $80 at BMO Capital

BMO Capital raised the firm’s price target on Okta to $110 from $80 and keeps a Market Perform rating on the shares. The company delivered a solid quarter all around with strong execution from enterprise deals, and the management’s FY25 outlook appears “conservative”, the analyst tells investors in a research note. BMO adds however that at this current juncture, Okta has limited estimate upside and limited multiple upside.