Okta price target raised to $120 from $115 at Stifel

Stifel raised the firm’s price target on Okta (OKTA) to $120 from $115 and keeps a Buy rating on the shares following a “strong” Q4 report that featured all key metrics above guidance and/or Stifel and Street estimates. Fiscal Q1 guidance is above expectations and FY26 guidance “goes nicely higher,” adds the analyst, who expects guidance will continue to prove conservative as the year plays out and calls this quarter “another positive step in the right direction.”