Needham analyst Alex Henderson upgraded Okta to Buy from Hold with a $90 price target. The analyst believes the company has set conservative guidance for fiscal 2024, calling "for just" 16%-17% revenue growth. Okta has righted the disruption to both sides of the business resulting from poor Auth0 acquisition integration and problems to the Enterprise Sales process, the analyst tells investors in a research note. Field checks and management commentary support a rebounding of Okta’s fundamentals, Needham contends.
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Published first on TheFly
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