In a report released yesterday, Rudy Kessinger from D.A. Davidson maintained a Buy rating on Okta (OKTA – Research Report), with a price target of $125.00.
Rudy Kessinger has given his Buy rating due to a combination of factors that highlight Okta’s strong financial performance and growth potential. The company reported impressive fourth-quarter results, with a notable acceleration in current remaining performance obligations (CRPO) and a significant increase in fiscal year 2026 guidance. Management described the quarter as exceptional, indicating a positive outlook for the business.
Okta’s sales productivity has reached a multi-year high, and the stabilization of its dollar-based net retention rate (DBNRR) suggests a solid customer base. The contribution from enterprise and channel partners is increasing, and new products are making a substantial impact on bookings. The company’s double-digit growth appears sustainable, leading to an upgrade in the stock rating to Buy and an increase in the price target from $90 to $125.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $135.00 price target.
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