Okta jumps after brokerages raise PT on robust forecasts

Digital identity verification firm Okta's shares OKTA.O jump 19.3% to $103.94, set to log their best day in more than a year

At least 17 brokerages raise PT on stock after co's upbeat Q4 and strong forecasts

Bernstein says customers who have adopted Okta's broader product suite would find it challenging to move away; instead customers are deepening their relationship

Okta is set to add about $2.6 bln in market value if gains hold

Co expects Q1 revenue of $678 mln to $680 mln, above analysts' estimates of $670.81 mln - LSEG-compiled data

Forecasts Q1 adjusted EPS of 76 cents to 77 cents, vs ests of 70 cents

Forecasts fiscal 2026 revenue of $2.85 bln to $2.86 bln, above estimates of $2.80 bln

Forecasts fiscal 2026 adjusted EPS of $3.15 to $3.20, also above estimates of $2.94

Avg. rating of 41 analysts covering the stock is "buy"; median PT $112.50 - LSEG

Up to last close, stock had fallen ~20% over the past 12 months