** Shares of digital identity verification firm Okta OKTA.O rise 2.1% to $83.1 in premarket trading
** KeyBanc Capital Markets upgrades the stock to "over weight" from "sector weight"; sets PT at $115
** Brokerage's survey suggests improvement in IT budget outlook, with a growth expectation of 3.9% in 2025 benefiting IT security companies
** KeyBanc notes improvement in OKTA's SBM (server message block) strength, which allows users to share files, printers, and other resources over a network
** Twenty of 41 brokerages rate the stock "buy", 20 "hold" and 1 "sell"; their median PT is $101 - LSEG data
** Up to last close, stock had fallen 10.1% this year
(Reporting by Kritika Lamba in Bengaluru)
((Kritika.Lamba@thomsonreuters.com))
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