BTIG raised the firm’s price target on Okta (OKTA) to $123 from $110 and keeps a Buy rating on the shares. The firm cites the company’s “strong” Q4 results with a “notable” 15% CRPO – Current Remaining Performance Obligation – growth that was well above its estimates of 9% growth, the analyst tells investors in a research note. Strength was broad based across both workforce and customer identity with improved large deal momentum, traction with new productions, and better cross-sell / up-sell, BTIG added.
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