Tue May 27 20:00:00 UTC 2025: **Summary:**
Amrita, an analyst and fund manager, reiterates her “buy” rating for Okta (OKTA) stock with a price target of $136. This endorsement is based on the company’s strong Current Remaining Performance Obligations (cRPO) growth. Amrita has a long position in Okta.
**News Article:**
**Analyst Reaffirms “Buy” Rating for Okta, Citing Strong Growth**
VANCOUVER – Investment analyst Amrita has reaffirmed her “buy” rating for Okta (OKTA), a leading identity and access management company, with a price target of $136. In a recent Seeking Alpha article, Amrita cited the company’s impressive growth in Current Remaining Performance Obligations (cRPO) as the primary driver for her continued positive outlook.
“Okta is demonstrating robust growth,” Amrita wrote. “The company’s strong cRPO figures signal continued momentum.”
Amrita, who manages a boutique family office fund in Vancouver, specializes in growth software stocks. She also recently joined The REIT Forum. Prior to managing a family fund, Amrita worked in high-growth supply-chain start-ups in downtown San Francisco, where she led strategy. During her time in the Bay Area, she also worked with venture capital firms and start-ups, where her efforts led her to grow the user acquisition business.
It’s important to note that Amrita holds a long position in Okta. As with any investment analysis, readers should consider their own risk tolerance and conduct thorough research before making investment decisions.
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