Jefferies on Okta, Inc (OKTA): 'we don't expect any impact to growth'

Jefferies analyst Brent Thill reiterated a Hold rating and $90.00 price target on Okta, Inc (NASDAQ: OKTA).

The analyst comments "OKTA announced a ~3% cut in its workforce as it looks to reallocate resources towards growth driven priorities. This announcement comes a year after a 7% RIF in Feb '24 & 2 years after a 5% RIF in Feb '23. Based on historical cRPO bookings growth trends following prior RIFs, we don't expect any impact to growth supported by strength in our recent survey. F4Q and FY25 guidance was maintained."

For an analyst ratings summary and ratings history on Okta, Inc click here. For more ratings news on Okta, Inc click here.

Shares of Okta, Inc closed at $93.24 yesterday.

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