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Posted by
Two Blokes Jun 29 -
Filed in
Stock
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2 views
I am upgrading Okta to a 'buy' with a $126 price target, as the recent sell-off offers an attractive risk-reward for long-term investors. Okta exceeded Q1 revenue and earnings guidance, with strong enterprise momentum, especially in Okta Identity Governance and Auth0 adoption. Despite cRPO growth outpacing expectations, management kept FY26 guidance unchanged, reflecting caution amid macro uncertainty, leaving potential for upside if outperformance continues.
