BUZZ-Okta rises after Jefferies upgrades to 'buy'
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Jefferies upgraded Okta's stock to 'buy', raising the price target to $125 from $90, indicating a 42% upside. Okta's shares rose 1.4% premarket to $89.45. Jefferies expects FY27 adjusted EPS of $3.80, above the consensus of $3.66, citing strong growth in identity and cloud markets. Okta is seen as a leader in addressing AI-related identity challenges. Jefferies also highlighted peers like Palo Alto Networks, Zscaler, AvePoint, and Crowdstrike as top picks.
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