Okta price target raised to $145 from $125 at DA Davidson

DA Davidson raised the firm’s price target on Okta (OKTA) to $145 from $125 and keeps a Buy rating on the shares ahead of its Q1 results. The firm’s latest security software survey showed weakening security budget growth expectations, sales performance, and pipeline strength, though DA Davidson believes that Okta’s FY26 guidance was set very conservatively, upside to guidance is still likely, and that growth will stabilize in the low-double-digit range this year, the analyst tells investors in a research note.