Jefferies raised the firm’s price target on Okta (OKTA) to $105 from $100 and keeps a Hold rating on the shares. The company reported a “solid” fiscal Q2 report with a “better-than-feared” outlook for Q3, the analyst tells investors in a research note. The firm says Okta remains a low-double-digit grower with improving profitability. However, it believes the shares are fairly priced at current levels.
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