Morgan Stanley raised the firm’s price target on Okta (OKTA) to $106 from $97 and keeps an Overweight rating on the shares following a “solid Q3” that featured an acceleration in cRPO bookings and topline beat that was better than expected. The company’s preliminary calendar 2025 outlook for 7% revenue growth “appears conservative,” says the analyst, who sees easing down-sell pressures and ramping new products leading to double digit growth in an upside scenario.
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Read More on OKTA:
- Okta price target raised to $90 from $75 at DA Davidson
- Okta price target raised to $123 from $116 at Bernstein
- Okta price target raised to $96 from $81 at Barclays
- Okta price target raised to $100 from $85 at Jefferies
- Okta Reports Strong Q3 2025 Earnings Growth
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
