Okta price target lowered to $101 from $110 at Morgan Stanley

Morgan Stanley analyst Keith Weiss lowered the firm’s price target on Okta (OKTA) to $101 from $110 and keeps an Overweight rating on the shares. Okta posted small upside across metrics in Q4, largely in-line with buyside expectations, the analyst tells investors. While the firm did not get commitment on reacceleration, which the firm calls “the catalyst for the stock,” it did see “the ingredients for it to occur during the year as new products gain traction,” the analyst added.