5-Star Jefferies Analyst Bumps Up Okta Stock Forecast to $170 as "cRPO Likely to Accelerate Again"
Tip Ranks·
- Jefferies analyst Joseph Gallo maintained a buy rating on Okta and raised its price target from 140 USD to 170 USD.
- The upgrade was driven by anticipated acceleration in calculated remaining performance obligations and strong demand for the company's security platform.
- Gallo also noted favorable full-year subscription revenue potential and reasonable valuation multiples for 2027.
