Okta price target raised to $142 from $123 at BTIG

BTIG raised the firm’s price target on Okta (OKTA) to $142 from $123 and keeps a Buy rating on the shares as part of a broader research note on Security and Infrastructure Software that cites its industry checks on demand trends across the security software space. For the company, interest is growing in its IGA offering, with Okta also now being seen as having completely recovered from the October 2023 security incident, the analyst tells investors in a research note.