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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OKTA:
- Video: MongoDB, Okta rise after software makers’ earnings beats
- Okta’s Strong Performance and Strategic Moves Bolster Positive Outlook
- Okta price target raised to $115 from $113 at RBC Capital
- Okta’s Strong Performance and Growth Potential Balanced by Competitive Concerns and Product Uncertainty
- Okta trends not translating to superior guidance, says BofA