Okta price target raised to $115 from $108 at Stifel

Stifel raised the firm’s price target on Okta (OKTA) to $115 from $108 and keeps a Buy rating on the shares after the company delivered “a strong and better-than-expected F3Q25 print,” with all key metrics above guidance. Fiscal Q4 guidance is above expectations and FY25 guidance went up by more than the beat, notes the analyst, who thinks Okta’s initial FY26 outlook calling for 7% year-over-year growth will “prove conservative as the year plays out.”