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Okta price target lowered to $112 from $132 at BMO Capital

BMO Capital lowered the firm’s price target on Okta (OKTA) to $112 from $132 and keeps a Market Perform rating on the shares. The company beat on all key metrics and raised guidance across the board, the analyst tells investors in a research note. BMO continues to view Okta’s FY26 revenue guidance as conservative, particularly for CRPO, adding however that while Okta’s execution continues to improve as the management is successfully expanding its portfolio, the firm still has questions on the level of durable growth.

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