RBC Capital maintains an Outperform rating and a $108 price target on Okta (OKTA) following the company’s Q4 results. According to the analyst, Okta’s execution was impressive, and the firm is optimistic about the potential for accelerated hiring to drive revenue and CRPO growth. RBC remains bullish on the opportunity presented by Okta and believes that the company’s agentic offering could lead to upside potential throughout FY/27, as early traction continues to show promise.
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Overall, RBC’s positive outlook on Okta’s performance and potential growth highlights the company’s strong position in the market. Investors can use this analysis to inform their investment strategies and capitalize on the opportunities presented by Okta in the coming months.
