KeyBanc upgraded Okta (OKTA) to Overweight from Sector Weight with a $115 price target The firm cites identity’s “widening lead” as a top priority within security and the stock’s attractive risk/reward for the upgrade. Okta’s seat headwinds are potentially abating in fiscal 2026 and KeyBanc’s recent survey data suggest improving small business strength, the analyst tells investors in a research note. The firm again has a positive outlook for software budgets in 2025, with a bias toward an improving demand environment, compared to 2024.
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