Okta price target raised to $92 from $80 at Bernstein

Bernstein analyst Peter Weed raised the firm’s price target on Okta to $92 from $80 and keeps a Market Perform rating on the shares. The firm notes Okta delivered another strong revenue quarter, with $510M Q4 revenue beating consensus by 4%, and guiding Q1 and full year 2024 revenue growth at or above consensus.