BMO Capital lowered the firm’s price target on Okta (OKTA) to $83 from $90 and keeps a Market Perform rating on the shares. The company should report solid January quarter results, and the firm envisions management guiding to roughly consensus FY27 revenue estimates, though investor antipathy to the software segment and the resulting inability of software stocks to support valuations keeps BMO on sidelines, the analyst tells investors in a research note.
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