Okta price target raised to $100 from $92 at Baird

Baird analyst Shrenik Kothari raised the firm’s price target on Okta to $100 from $92 and keeps an Outperform rating on the shares. The analyst noted they announced a revamped partner program to streamline deal-registration and enhance channel-partnerships to enable global expansion, while FedRAMP High Authorization earlier this week expands its public-sector reach. Okta remains well-positioned while maintaining a unique edge in CIAM/vendor consolidation.