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Dec 3, 2025 12:10 PM

Okta Beats Q3, But Slowing Growth Tempers Analyst Enthusiasm

Shares of Okta Inc (NASDAQ:OKTA) rose in early trading on Wednesday, after the company reported upbeat fiscal third-quarter results.

Here are some key analyst takeaways:

Scotiabank analyst Patrick Colville maintained a Sector Perform rating, while reducing the price target from $105 to $85.

Needham analyst Mike Cikos reiterated a Buy rating, while cutting the price target from $125 to $110.

BTIG analyst Gray Powell reaffirmed a Buy rating, while slashing the price target from $142 to $116.

Check out other analyst stock ratings.

Scotiabank: Okta's cRPO (current remaining performance obligations) grew 13% in the quarter, the guidance for the fourth quarter "was less exciting and slightly below consensus," Colville said in a note. The guidance implies a year-on-year deceleration cRPO growth for the fourth consecutive quarter, ...