Okta price target lowered to $100 from $115 at Truist

Truist lowered the firm’s price target on Okta (OKTA) to $100 from $115 but keeps a Buy rating on the shares. The company reported strong Q4 results that were above the high end of its guided ranges and the firm’s estimates across the board, the analyst tells investors in a research note. Okta is reaching an inflection point, as go-to-market changes begin to pay off and the agentic AI opportunity sharpens, the firm adds.