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Okta price target raised to $75 from $60 at Truist
The Fly

Okta price target raised to $75 from $60 at Truist

Truist analyst Joel Fishbein raised the firm’s price target on Okta to $75 from $60 but keeps a Hold rating on the shares. The company’s Q4 results were "strong" with operating income above the guided ranges despite the sales integration issues and increasing macro headwinds, the analyst tells investors in a research note. Okta also saw strength across the board in its Workforce and CIAM markets, though its management noted headwinds in adding new logos as well as continued weakness in its small-business cohort, the firm added.

Published first on TheFly

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