Piper Jaffray analyst Andrew Nowinski raised his price target for Okta to $89 saying the company last night posted "strong" Q4 results, with revenue coming in 7% above the high-end of guidance, while billings exceeded consensus by 11%. Management raised its fiscal 2020 revenue outlook by $17.5M, well above the $8M beat in Q4, but guided profitability substantially lower than expected, which is likely pressuring the stock, Nowinski tells investors in a post-earnings research note. Nonetheless, the analyst believes Okta's long-term outlook "remains firmly intact," as single sign-on "remains a top spending priority." He reiterates an Overweight rating on the shares.