Needham analyst Alex Henderson raised his price target on Okta to $105 and kept his Buy rating after the company announced two "important" new products and new platform features at its annual user conference. The analyst contends that the company has reached the "break-away point, where its customer base, platform and Network Effects are sealing its dominant position in Identity" - a "critical central part of Security." Henderson adds that that Okta is "accelerating away from its smaller sub-scale competitors" as demonstrated by the strong conference attendance and believes the company has become a "clear leader" in the security framework as evidenced by its "very high" win rates, improving upsell, and faster sales process.