Okta price target raised to $110 from $98 at BTIG

BTIG raised the firm’s price target on Okta (OKTA) to $110 from $98 and keeps a Buy rating on the shares. Against a difficult earnings season across our security software coverage, Okta delivered much better than expected Q3 and guided Q4 above expectations, the analyst tells investors in a research note. Okta’s operating income and free cash flow were substantially ahead of expectations as the company is moving past the headwinds created by the breach last October, BTIG adds.