Okta surges on Q2 results beat
OKTA•Shares jump after earnings beat
** Shares of digital identity verification firm Okta OKTA.O jump more than 21% to $163.88
** OKTA posts Q2 revenue of $805 mln vs. analysts' estimates of $795.04 mln - data compiled by LSEG
** Q2 adjusted EPS comes in at $1.05, beating estimates of 97 cents
** Co expects Q3 revenue of $813 mln to $817 mln
Brokerages raise price targets after results
** At least 18 brokerages raise PT on stock post results
** "Identity has increased in importance in a WFA/Zero Trust/AI world, and we believe OKTA could be among the largest beneficiaries" - Jefferies
** 37 of 46 brokerages rate the stock "buy" or higher and nine "hold"; their median PT is $182.50
** Including session's moves, OKTA up over 90% YTD
