Okta price target lowered to $135 from $143 at RBC Capital

RBC Capital lowered the firm’s price target on Okta (OKTA) to $135 from $143 but keeps an Outperform rating on the shares. The company reported a good quarter with 14% cRPO – current remaining performance obligations – growth vs. its 12% prior guidance, as Okta appears on track with the firm’s prior assumptions and is seeing good traction around go-to-market changes, though its FY26 guidance now reflects macro uncertainties, the analyst tells investors in a research note.