Okta price target raised to $100 from $94 at Canaccord

Canaccord raised the firm’s price target on Okta (OKTA) to $100 from $94 and keeps a Hold rating on the shares. The firm said they reported resoundingly positive Q4 results ahead of both the firm’s and consensus expectations with 25% RPO growth significantly outpacing revenue growth while FY26 guidance of 9-10% growth already coming in well above initial expectations set on the Q3 call around 7%.