Okta Inc (NASDAQ:OKTA) reported upbeat fourth-quarter earnings. Here are the key analyst insights:
- Stephens analyst Todd Weller maintained an Overweight rating, while reducing the price target from $120 to $95.
- KeyBanc Capital Markets analyst Eric Heath reiterated an Overweight rating, while cutting the price target from $115 to $100.
- Needham analyst Mike Cikos reaffirmed a Buy rating, while cutting the price target from $110 to $90.
Check out other analyst stock ratings.
Stephens: Okta delivered strong results for the fourth quarter of fiscal 2026, Weller said in the note. The company’s revenue growth of 11.6% and cRPO (current remaining performance obligations) growth of 12% exceeded consensus estimates of 10% and 9%, respectively.
Strength in larger platform deals continued, with new products representing 30% of quarterly bookings, accelerating from 15%-20% previously. “We believe a broadening and increasingly interconnected set …