Selected stock price target news of the day - March 4th, 2025

By: Matthew Otto

Okta Reports Q4 and Fiscal 2025 Performance, Exceeding Estimates

Okta reported financial results for the fourth quarter and fiscal year ended January 31, 2025. Earnings per share for Q4 were $0.78, exceeding the consensus estimate of $0.74. Total revenue reached $682 million, beating the expected $668.91 million and growing 13% year-over-year.

Subscription revenue also increased 13% to $670 million. Remaining performance obligations rose 25% to $4.215 billion, while current remaining performance obligations grew 15% to $2.248 billion. Operating income was $168 million, representing 25% of total revenue, up from $129 million in the prior-year quarter. Net income reached $141 million, compared to $113 million a year earlier. Cash flow from operations was $286 million, representing 42% of revenue, with free cash flow at $284 million.

For the full fiscal year 2025, Okta reported total revenue of $2.610 billion, a 15% increase from the prior year, with subscription revenue rising 16% to $2.556 billion. Okta reported net income of $510 million, up from $286 million in fiscal 2024, with earnings per share increasing to $2.81 from $1.60. Okta ended the year with $2.523 billion in cash, cash equivalents, and short-term investments.

Looking ahead, Okta provided guidance above analyst expectations. For the first quarter of fiscal 2026, Okta expects earnings per share of $0.76 to $0.77, ahead of the consensus estimate of $0.70, and revenue between $678 million and $680 million, above the $669.4 million estimate. For the full year, Okta forecasts earnings per share of $3.15 to $3.20, exceeding the $2.94 consensus, and revenue of $2.85 billion to $2.86 billion, above the $2.8 billion projection.

Analysts Upgrade and Raise Price Targets Following Earnings Report

Mizuho analyst Gregg Moskowitz upgraded from Neutral to Outperform and the price target from $110 to $127.
Barclays analyst Saket Kalia maintained an Equal-Weight rating yet increased the price target from $105 to $115.
Needham analyst Mike Cikos reiterated a Buy rating and the price target at $115.
Jefferies analyst Joseph Gallo maintained a Hold rating but lifted the price target from $90 to $110.
Canaccord Genuity analyst Richard Davis kept a Hold rating while raising the price target from $94 to $100.
DA Davidson analyst Rudy Kessinger upgraded from Neutral to Buy and the price target from $90 to $125.

Which Analyst has the best track record to show on OKTA?

Analyst Simeon Gutman (MORGAN STANLEY) currently has the highest performing score on OKTA with 6/6 (100%) price target fulfillment ratio. His price targets carry an average of $18.76 (25.61%) potential upside. Okta stock price reaches these price targets on average within 26 days.

GitLab Beats Q4 Estimates but Offers Lower-Than-Expected FY 2026 Guidance

GitLab reported total revenue of $211.4 million for the fourth quarter of fiscal year 2025, a 29% increase from the prior year and above the consensus estimate of $206.15 million. Earnings per share for the quarter reached $0.33, exceeding analyst expectations of $0.23.

GitLab improved its operating margin to (7)% from (21)% in the previous year and recorded operating income of $37.4 million, up from $13.2 million. Net income for the quarter rose to $56.7 million, compared to $25.0 million in Q4 FY 2024. GitLab also reported $63.2 million in operating cash flow and $62.1 million in adjusted free cash flow. The customer base continued to grow, with those generating over $100,000 in annual recurring revenue reaching 1,229, a 29% increase year-over-year, while customers surpassing $1 million in recurring revenue grew by 28%.

For the full fiscal year 2025, GitLab posted revenue of $759.2 million, a 31% increase from the previous year. GitLab improved its operating margin to (18)% from (32)% and reported net income of $124.8 million, up from $32.6 million. Earnings per share for the year rose to $0.74, compared to $0.20 in the prior year. Adjusted free cash flow reached $120.0 million, up from $33.4 million.

Looking ahead, GitLab expects first-quarter earnings per share between $0.14 and $0.15, with revenue in the range of $212 million to $213 million, compared to the consensus estimate of $212.4 million. For the full fiscal year 2026, GitLab projects earnings per share between $0.68 and $0.72, below the consensus estimate of $0.81, with revenue guidance of $936 million to $942 million.

Analysts Lower Price Targets Despite Q4 Performance

Mizuho analyst Gregg Moskowitz maintained an Outperform rating yet lowered the price target from $80 to $72.
Barclays analyst Ryan McKeveny maintained an Equal-Weight rating while reducing the price target from $70 to $58.
Needham analyst Mike Cikos reiterated a Buy rating and the price target at $85.

Which Analyst has the best track record to show on GTLB?

Analyst Matthew Hedberg (RBC) currently has the highest performing score on GTLB with 17/21 (80.95%) price target fulfillment ratio. Her price targets carry an average of $12.81 (19.07%) potential upside. GitLab stock price reaches these price targets on average within 165 days.

Hut 8 Misses Q4 Revenue Estimates but Reports 2024 Financial Growth

Hut 8 reported full-year 2024 revenue of $162.4 million, an increase from $96.0 million in 2023, driven by its diversified platform of Power, Digital Infrastructure, and Compute operations. Net income rose significantly to $331.4 million, compared to $21.9 million in the prior year, while Adjusted EBITDA surged to $555.7 million from $85.7 million.

Hut 8 continued expanding its strategic Bitcoin reserve, reaching 10,171 Bitcoin with a market value of $949.5 million as of December 31, 2024. Operational improvements resulted in a 30% year-over-year reduction in energy cost per megawatt-hour (MWh) to $31.63 in Q4 2024. Energy capacity under management totaled 1,020 MW by year-end, supported by a 12,300 MW development pipeline, including 2,800 MW under exclusivity. Fourth-quarter revenue came in at $31.7 million, below the consensus estimate of $38.41 million.

Hut 8 advanced key infrastructure projects, securing a 205 MW site in Texas and progressing AI data center developments, with three projects collectively expected to add over 430 MW. Compute operations generated $80.7 million in revenue, while Digital Infrastructure and Power contributed $17.5 million and $56.6 million, respectively. Additionally, Hut 8 secured a colocation contract with BITMAIN, projected to generate $125 million in annualized revenue upon full ramp-up. In capital initiatives, Hut 8 closed a $150 million strategic investment from Coatue, launched a $500 million ATM program, and initiated a $250 million stock repurchase plan.

Analysts Reaffirm Ratings with Updated Price Targets

Needham analyst John Todaro reiterated a Buy rating and a $30 price target.
HC Wainwright & Co. analyst Mike Colonnese kept a Buy rating but lowered the price target from $35 to $30.
Canaccord Genuity analyst Joseph Vafi maintained a Buy rating and a $32 price target.

Which Analyst has the best track record to show on HUT?

Analyst Mike Colonnese (HC WAINWRIGHT) currently has the highest performing score on HUT with 8/12 (66.67%) price target fulfillment ratio. His price targets carry an average of $11.86 (51.25%) potential upside. Hut 8 stock price reaches these price targets on average within 66 days.