TD Cowen Reiterates Hold Rating on Okta, Inc (OKTA)

TD Cowen analyst Shaul Eyal reiterated a Hold rating and $115.00 price target on Okta, Inc (NASDAQ: OKTA).

The analyst commented: "Improved Sales Execution With Higher Confidence For Sustained Growth Into FY27; F3Q results were solid, in line w/ our expectations and well above consensus. Improvement in sales productivity demonstrates that the GTM revamp is now yielding tangible results. 4Q guidance on cRPO (+9% y/y) looks conservative given seasonality and accelerated hiring cadence, signaling mgmt's increased confidence that current growth momentum could be well sustained into FY27. Hold and $115 PT."

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 $81.87 yesterday.

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