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

Oppenheimer analyst Ittai Kidron raised the firm’s price target on Okta to $95 from $85 and keeps an Outperform rating on the shares. The firm Okta delivered strong Q4 results and 2024 guidance highlighting continued improvement in sales execution, stable attrition, and strong upsell activity in a challenging macro backdrop, the firm says. Overall, Oppenheimer believes Okta has managed to address most of the execution issues it faced last year following the integration of Auth0.