Okta price target raised to $110 from $100 at Citi

Citi analyst Fatima Boolani raised the firm’s price target on Okta (OKTA) to $110 from $100 and keeps a Neutral rating on the shares following the Q4 report. The company reported across-the-board key performance indicator upside, the analyst tells investors in a research note. The firm sees the results and “solidly-above” estimate guidance as easing concerns on Okta’s net recurring revenue compression.