Okta, Inc. (OKTA) call put ratio 3.4 calls to 1 put into quarter results

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Okta, Inc (OKTA) PT Raised to $95 at Citi

December 4, 2024 8:02 AM EST

Citi analyst Fatima Boolani raised the price target on Okta, Inc (NASDAQ: OKTA) to $95.00 (from $90.00) while maintaining a Neutral rating.

The analyst comments "~4pt cRPO beat (besting recent Qs), and robust in-Q/FY25E OPM/FCFM upside outshined, alongside RPO 19% YoY... More

Okta, Inc (OKTA) PT Raised to $110 at BTIG

December 4, 2024 6:00 AM EST

BTIG analyst Gray Powerll raised the price target on Okta, Inc (NASDAQ: OKTA) to $110.00 (from $98.00) while maintaining a Buy rating.

The analyst comments "In what has been a difficult earnings season across our security software coverage, OKTA delivered much better than expected FQ3/ Oct results and guided Q4 above expectations. Most... More

Goldman Sachs Reiterates Buy Rating on Okta, Inc (OKTA)

December 4, 2024 5:58 AM EST

Goldman Sachs analyst Gabriela Borges reiterated a Buy rating and $107.00 price target on Okta, Inc (NASDAQ: OKTA)

The analyst comments "Okta is indicated up 16% after hours post 3QFY (October) earnings. 3Q revenue/EBIT was 2%/15% above the Street (FactSet), cRPO was 4% above. 4Q revenue/EBIT guidance is 3%/10% above the Street, cRPO... More

Okta, Inc (OKTA) PT Raised to $90 at DA Davidson

December 4, 2024 5:53 AM EST

DA Davidson analyst Rudy Kessinger raised the price target on Okta, Inc (NASDAQ: OKTA) to $90.00 (from $75.00) while maintaining a Neutral rating.

The analyst comments "Strong FQ3 upside against very conservative guidance. CRPOs were +13% Y/Y, steady with +13% Y/Y last qtr. &... More

Evercore ISI Reiterates Outperform Rating on Okta, Inc (OKTA)

December 4, 2024 5:52 AM EST

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $122.00 price target on Okta, Inc (NASDAQ: OKTA)

The analyst comments "OKTA delivered strong F3Q results that exceeded expectations. The F4Q guide was good enough, but the initial FY26 commentary was disappointing, despite being widely understood as a worst-case scenario and intended as a baseline starting point. The insights provided was that the guide reflects the same prudent approach to account for macro challenges, which are expected to ease in 1H FY26 as most renewals/downsells lapse (seat base sales into... More