Okta’s Upcoming Q1 Earnings Preview
<p>RBC Capital analysts shared their views on <a href='https://financialmodelingprep.com/financial-summary/OKTA'>Okta, Inc. (NASDAQ:OKTA)</a> ahead of the company’s upcoming Q1/24 results tomorrow.</p>
<p>Based on checks that point to stabilizing trends, the analysts expect solid results and outperformance in Q1 relative to expectations. While the analysts expect margin improvements to continue, they also think the company's G2M motion has improved as they note an uptick in Okta job postings over the past several weeks. </p>
<p>Additional catalysts for 2024 remain stabilizing trends in CIAM through Auth0 integration, an uptick in workforce identity, greater penetration into international markets, and expanded US federal opportunities. </p>
<p>The analysts raised their price target to $110 from $100 while reiterating their Outperform rating.</p>

NASDAQ:OKTA