Mizuho raised the firm’s price target on Okta to $135 from $127 and keeps an Outperform rating on the shares as part of an earnings preview. The firm’s software checks were “very solid overall.” While there were a few “hiccups” in April amid the tariff-related news, including some customer pauses more tied to certain verticals such as retail and manufacturing, most partners executed well, the analyst tells investors in a research note. Mizuho says cybersecurity generally performed better than other areas of software. The firm’s favorite April-ending stocks to own ahead of the earnings prints are Salesforce (CRM), Okta (OKTA), and Snowflake (SNOW).
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