Okta, Inc. (OKTA) Tops Q1 EPS by 11c, Offers Guidance
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RBC Capital Reiterates Outperform Rating on Okta, Inc (OKTA)
May 30, 2024 6:23 AM EDTRBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $125.00 price target on Okta, Inc (NASDAQ: OKTA)
The analyst comments "Okta delivered strong Q1/25 results relative to expectations in what we view as a straight-forward quarter, which is great relative to the uneven... More
Goldman Sachs Reiterates Buy Rating on Okta, Inc (OKTA)
May 30, 2024 5:31 AM EDTGoldman Sachs analyst Gabriela Borges reiterated a Buy rating and $130.00 price target on Okta, Inc (NASDAQ: OKTA)
The analyst comments "Okta is indicated up 2% after hours after reporting a solid 1Q. 1Q revenue/EBIT was 2%/22% above the Street (FactSet), cRPO was 2% above, and 2Q cRPO guidance was 1% below. Updated FY25 revenue/EBIT guidance is... More
DA Davidson Reiterates Neutral Rating on Okta, Inc (OKTA)
May 30, 2024 5:17 AM EDTDA Davidson analyst Rudy Kessinger reiterated a Neutral rating and $100.00 price target on Okta, Inc (NASDAQ: OKTA).
The analyst comments "OKTA delivered nice upside vs. their sandbagged FQ1 guidance / cons. estimates, with Rev growth of +19% Y/Y vs. guidance of... More
TD Cowen Reiterates Hold Rating on Okta, Inc (OKTA)
May 30, 2024 5:15 AM EDTTD Cowen analyst Shaul Eyal reiterated a Hold rating and $110.00 price target on Okta, Inc (NASDAQ: OKTA).
The analyst comments "For 1Q25, OKTA delivered consensus-beating results, highlighted by 20% subscriptions growth, record cashflow, and raised guidance. Strength from large customers and the public sector... More
Evercore ISI Upgrades Okta, Inc (OKTA) to Outperform
May 30, 2024 5:01 AM EDTEvercore ISI analyst Kirk Materne upgraded Okta, Inc (NASDAQ: OKTA) from In Line to Outperform with a price target of $122.00 (from $102.00).
The analyst comments "OKTA delivered strong F1Q results that exceeded tempered expectations, accompanied by a much more upbeat tone, suggesting that prior missteps and execution issues are now behind them. We have been on the sidelines since Oct of CY22 for reasons we are all aware of and why the stock has been a laggard. As we called out in our Tactical O/P into the print (here), our positive... More
