Okta price target raised to $90 from $70 at Wells Fargo

Wells Fargo raised the firm’s price target on Okta to $90 from $70 and keeps an Equal Weight rating on the shares. The firm is expecting modest upside to Q4 revenue, though it sees little upside to the preliminary FY25 revenue guidance, given potential share losses related to the breach and the 7% RIF that was just announced.