Okta up 17% after posting profit, revenue jump in Q3
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Okta, Inc (OKTA) PT Raised to $95 at Citi
December 4, 2024 8:02 AM ESTCiti 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 ESTBTIG 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 ESTGoldman 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 ESTDA 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 ESTEvercore 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
