Okta price target raised to $95 from $90 at Mizuho

Mizuho raised the firm’s price target on Okta to $95 from $90 and keeps a Buy rating on the shares. The company reported a very good Q4, as total revenue growth of 33% year-over-year easily surpassed estimates, the analyst tells investors in a research note. Billings were also better than expected, and margins materially exceeded forecasts, says the firm. It is encouraged by Okta’s improved execution over the last six months.