KeyBanc Upgrades Okta, Inc (OKTA) to Overweight

KeyBanc analyst Eric Heath upgraded Okta, Inc (NASDAQ: OKTA) from Sector Weight to Overweight with a price target of $115.00.

The analyst comments: "We are upgrading shares of OKTA to Overweight and setting a $115 price target given: 1) Identity's widening lead as a top priority within security; 2) an attractive risk/reward at 20x EV/FCF vs. 5-15% growth peers at 28x; 3) seat headwinds potentially abating in FY26; 4) our recent survey data suggesting improving SMB strength; 5) IGA and potentially PAM beginning to contribute; and 6) CIAM potentially accelerating with better GTM execution and a potentially improving macro. We also adjust estimates."

For an analyst ratings summary and ratings history on Okta, Inc click here. For more ratings news on Okta, Inc click here.

Shares of Okta, Inc closed at $81.41 yesterday.

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