BTIG raised the firm’s price target on Okta (OKTA) to $110 from $98 and keeps a Buy rating on the shares. Against a difficult earnings season across our security software coverage, Okta delivered much better than expected Q3 and guided Q4 above expectations, the analyst tells investors in a research note. Okta’s operating income and free cash flow were substantially ahead of expectations as the company is moving past the headwinds created by the breach last October, BTIG adds.
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Read More on OKTA:
- Okta price target raised to $94 from $82 at Canaccord
- Okta price target raised to $90 from $85 at Piper Sandler
- Okta price target raised to $106 from $97 at Morgan Stanley
- Okta price target raised to $90 from $75 at DA Davidson
- Okta price target raised to $123 from $116 at Bernstein
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
