Okta price target raised to $95 from $80 at Wells Fargo

Wells Fargo raised the firm’s price target on Okta (OKTA) to $95 from $80 and keeps an Equal Weight rating on the shares. The firm notes shares of Okta gapped up 15% after market close, despite a weak preliminary guide for FY26. That said, the estimate reset is likely what investors were waiting for, given that CRPO is growing +13% year-over-year, implying guidance is conservative, Wells says.