Okta price target lowered to $105 from $115 at Scotiabank

Scotiabank lowered the firm’s price target on Okta (OKTA) to $105 from $115 and keeps a Sector Perform rating on the shares. The company reported a “solid” set of Q2 results, with cRPO above consensus and “good enough” guides, the analyst tells investors. The firm, however, remains on the sidelines until it becomes more confident on the company’s medium-term opportunity.