Citi raised the firm’s price target on Okta (OKTA) to $100 from $95 and keeps a Neutral rating on the shares. The firm also opened a “90-day positive catalyst watch” on the shares. Okta’s sales setup in Q4 against a “near-trough valuation,” leaves relative and absolute multiple expansion opportunity, the analyst tells investors in a research note. Citi thinks the company’s Q4 current remaining performance obligation coming in at low-double-digit growth and “bumped higher” fiscal 2026 guidance should elicit a positive stock reaction.
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Read More on OKTA:
- Treasury Department hacked by state-sponsored actor in China, NY Times reports
- Okta price target lowered to $90 from $100 at Jefferies
- Okta upgraded to Overweight from Sector Weight at KeyBanc
- Okta price target raised to $115 from $105 at Baird
- Okta price target lowered to $124 from $129 at Bernstein
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