Okta management tone positive, says Roth Capital

Roth Capital keeps a Buy rating and $119 price target on Okta (OKTA) after its Q3 results. The company reported a good quarter with all metrics coming in ahead of Street estimates and “in-line” with the expectations we heard from investors, while the management’s tone was positive on the improvements it is seeing in its sales productivity from the go-to-market changes made a few quarters ago, the analyst tells investors in a research note. Okta did not provide an “official” early FY27E guide but provided a framework to get to 9% revenue growth, the firm added.