Canaccord analyst T. Michael Walkley raised the firm’s price target on Okta to $85 from $75 and keeps a Hold rating on the shares. The firm said they reported solid FQ2 results ahead of consensus expectations. They said while Q2 results substantiate traction in the refined go-to-market strategies, they await further execution before becoming more constructive with their rating.
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Read More on OKTA:
- Okta’s (NASDAQ: OKTA) Impressive Q2 Performance Triggers Analyst Applause
- Okta price target raised to $93 from $90 at Mizuho
- Okta price target raised to $95 from $85 at Wells Fargo
- Evercore upgrades Okta to In Line, says ‘all about execution from here’
- Okta upgraded to In Line from Underperform at Evercore ISI