Okta price target raised to $95 from $85 at Canaccord

Canaccord analyst T. Michael Walkley raised the firm’s price target on Okta to $95 from $85 and keeps a Hold rating on the shares. The firm said given near-term challenges, they view the next several quarters as a transitional period for Okta that will take time to play out and prove any operational challenges will result in sustained rule of 40 metrics.