Okta price target raised to $115 from $105 at Barclays

Barclays raised the firm’s price target on Okta (OKTA) to $115 from $105 and keeps an Equal Weight rating on the shares. The company’s Q4 remaining performance obligation came in better than the upside scenario, the analyst tells investors in a research note. The firm says Okta’s fiscal 2026 revenue guidance is going to 9%-10% growth versus its 8%-9% upside scenario on the back of this beat, so its estimates are going up.