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OKTA
Benzinga
172 days

Okta's Growth in Identity Security Drives Bullish Outlook, Analyst Sees Upside

1. WestPark Capital maintains a Buy rating for OKTA with a $140 price target. 2. Q4 and FY 2025 results will be reported on March 3. 3. Okta's total remaining performance obligations grew 19% in Q3. 4. Okta is expanding into Identity Governance and Administration markets. 5. The stock trades below its peer group’s EV/Sales multiple.

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FAQ

Why Bullish?

WestPark's Buy rating and $140 target indicate strong growth expectations, similar to past analyst upgrades leading to positive price momentum.

How important is it?

The article outlines strong analyst support and market strategies that could significantly impact OKTA’s future performance.

Why Long Term?

Long-term growth potential from market expansion and stable RPO trends supports a sustained upward trajectory in OKTA’s stock.

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