Okta price target raised to $105 from $90 at BTIG

BTIG raised the firm’s price target on Okta (OKTA) to $105 from $90 and keeps a Buy rating on the shares as part of a broader research note, previewing Q1 results for Security and Infrastructure Software names. Contacts indicated that demand across security remains intact despite uncertainty around budget allocations related to AI initiatives, and the firm also got the sense that buying activity was improving over the month of April, the analyst tells investors in a research note.