Okta price target lowered to $80 from $105 at Susquehanna

Susquehanna analyst Shyam Patil lowered the firm’s price target on Okta (OKTA) to $80 from $105 and keeps a Neutral rating on the shares. The firm said they posted solid results as the company continues to see strong sales momentum. While they continue to view the company as a central player in IAM, with upside potential as it explores PAM and other adjacencies, they view the risk/reward as balanced at current levels.