As previously reported, Stephens upgraded Okta (OKTA) to Overweight from Equal Weight with a price target of $120, up from $97, citing an increasing probability of growth acceleration materializing over the course of 2026 and what the firm views as an attractive risk/reward set up. In 2026, the firm expects cybersecurity to remain a durable growth area, supported by a stable and resilient demand environment, the analyst added.
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