After-hours movers: Okta, GitLab, New Fortress Energy, Emergent BioSolutions
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Okta, Inc (OKTA) PT Raised to $110 at Citi
March 4, 2025 6:22 AM ESTCiti analyst Fatima Boolani raised the price target on Okta, Inc (NASDAQ: OKTA) to $110.00 (from $100.00) while maintaining a Neutral rating.
The analyst comments "Aligned with our positive Catalyst Watch, FY25 ended with pre-CY21 execution mojo, featuring across-the-board KPI upside, where cRPO/RPO... More
Macquarie Reiterates Outperform Rating on GitLab Inc (GTLB), PT $90
March 4, 2025 6:16 AM ESTMacquarie analyst Steve Koenig reiterated an Outperform rating and $90.00 price target on GitLab Inc (NASDAQ: GTLB)
The analyst comments "GTLB posted 29% Y/Y revenue growth on non-GAAP operating margin of 18%, up 960 bps Y/Y. RPO, cRPO, and calculated billings metrics were strong, growing 40%, 35%, and 32% Y/Y, respectively. Other developments included the announcement of... More
Needham Reiterates Buy Rating on GitLab Inc (GTLB), Remains Top Pick
March 4, 2025 6:10 AM ESTNeedham analyst Mike Cikos reiterated a Buy rating and $85.00 price target on GitLab Inc (NASDAQ: GTLB)
The analyst comments "GitLab guided FY26 Revenue and Operating Income in line with the sell-side model, which we view as a win for investors, given (1) management... More
GitLab Inc (GTLB) PT Lowered to $76 at Bernstein SocGen Group
March 4, 2025 6:03 AM ESTBernstein SocGen Group analyst Peter Weed lowered the price target on GitLab Inc (NASDAQ: GTLB) to $76.00 (from $78.00) while maintaining a Outperform rating.
The analyst comments "GitLabs FQ425 earnings (Jan 25 end) revenue delivered a normal beat of 2.9% vs. guide (this year beats were between 2.2 and... More
Okta, Inc (OKTA) PT Raised to $120 at JPMorgan
March 4, 2025 5:21 AM ESTJPMorgan analyst Brian Essex raised the price target on Okta, Inc (NASDAQ: OKTA) to $120.00 (from $105.00) while maintaining a Overweight rating.
The analyst comments "Solid growth, accelerating RPO, better profitability, and a better than expected outlook should help shares re-rate higher. Okta crushed it with 4Q25 results as solid execution across the platform led to much better than expected growth, profitability and FCF. Management cited record sales productivity, solid execution across all business segments and geographies, and better channel... More
GitLab Inc (GTLB) PT Lowered to $80 at Goldman Sachs
March 4, 2025 4:55 AM ESTGoldman Sachs analyst Kash Rangan lowered the price target on GitLab Inc (NASDAQ: GTLB) to $80.00 (from $88.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating while lowering our PT to $80 ($88 prior) after GitLab reported solid results with revenue +29% yoy (+3% vs. Consensus), OpM of 18% (+400bps), and FCF margin of 29% (+900bps). GitLab is +2%... More
Evercore ISI Starts Okta, Inc (OKTA) at Outperform
March 4, 2025 4:47 AM ESTEvercore ISI analyst Kirk Materne initiates coverage on Okta, Inc (NASDAQ: OKTA) with a Outperform rating and a price target of $122.00.
The analyst comments "OKTA delivered a strong well executed F4Q, exceeding expectations and accompanied by a more optimistic tone. This print and outlook suggest that previous execution challenges are largely behind them, indicating a potential inflection point for the business. Upside in the quarter was driven by stronger partner contributions, increased crossselling of IGA (now has 1.3k customers at +$100mn in ACV) and PAM. New products accounting... More
Okta, Inc (OKTA) PT Raised to $120 at Wolfe Research
March 4, 2025 4:46 AM ESTWolfe Research analyst Alex Zukin raised the price target on Okta, Inc (NASDAQ: OKTA) to $120.00 (from $108.00) while maintaining a Outperform rating.
The analyst comments "Okta reported a strong set of F4Q results to finish the year as cRPO growth accelerated to 15% Y/Y (up from 13% in F3Q), well ahead of guidance for 9.2%. Strength in the quarter was driven by sales productivity that reached multiyear highs, record Auth0 bookings, success cross-selling workforce products to existing workforce and CIAM... More
GitLab Inc (GTLB) PT Lowered to $69 at Wolfe Research
March 4, 2025 4:45 AM ESTWolfe Research analyst Allan Verkhovski lowered the price target on GitLab Inc (NASDAQ: GTLB) to $69.00 (from $78.00) while maintaining a Outperform rating.
The analyst comments "GTLB delivered F4Q results ahead of guidance across all key metrics to close out the year, while guiding FY26 revenue in-line with consensus on a dollar basis.The company also announced that Ian Steward, who previously served as CRO of Tricentis, will step in as GTLB's new CRO. Total revenue grew 29%, 2.5% ahead of guidance (vs 4.6% in... More
DA Davidson Reiterates Neutral Rating on GitLab Inc (GTLB)
March 4, 2025 4:45 AM ESTDA Davidson analyst Gil Luria reiterated a Neutral rating and $60.00 price target on GitLab Inc (NASDAQ: GTLB).
The analyst comments "Strong Ultimate Growth and Forward-Looking Metrics. GitLab continues to see traction with its Ultimate tier which grew over 90% Y/Y and now represents... More
Truist Securities Reiterates Buy Rating on GitLab Inc (GTLB)
March 4, 2025 4:43 AM ESTTruist Securities analyst Joel Fishbein Jr. reiterated a Buy rating and $90.00 price target on GitLab Inc (NASDAQ: GTLB)
The analyst comments "GTLB delivered strong results to close out FY25. We believe that the company is executing on their opportunity to offer... More
Okta, Inc (OKTA) PT Raised to $100 at Truist Securities
March 4, 2025 4:42 AM ESTTruist Securities analyst Joel Fishbein Jr. raised the price target on Okta, Inc (NASDAQ: OKTA) to $100.00 (from $92.00) while maintaining a Hold rating.
The analyst comments "OKTA reported strong 4FQ25 numbers (up 16% AH) that were ahead of our estimates and guided top-line and... More
Okta, Inc (OKTA) PT Raised to $123 at BTIG
March 4, 2025 4:38 AM ESTBTIG analyst Gray Powerll raised the price target on Okta, Inc (NASDAQ: OKTA) to $123.00 (from $110.00) while maintaining a Buy rating.
The analyst comments "OKTA delivered strong Q4/Jan results, and the updated outlook for FY26 was better than expected. Most notably, OKTA posted CRPO of $2,248MM / +15% y/y in FQ425, well above our estimate of $2,135 / 9.4% (Street... More
