Okta, Inc. (NASDAQ:OKTA) Stock Has Average Price Target of $200.72

Shares of Okta, Inc. (NASDAQ:OKTA) have been given a consensus rating of “Moderate Buy” by the forty-three research firms that are presently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $200.72.

A number of analysts have weighed in on OKTA shares. JPMorgan Chase & Co. upped their price target on Okta from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Capital One Financial set a $171.00 price objective on Okta and gave the company an “overweight” rating in a report on Thursday, July 16th. Raymond James Financial upped their target price on shares of Okta from $115.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Guggenheim increased their target price on shares of Okta from $188.00 to $227.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Finally, Barclays lifted their price target on shares of Okta from $180.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, September 24th.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Cybersecurity spending is benefiting from AI risks. Cybersecurity stocks have reached record levels as companies respond to the risks created by agentic AI, a trend that could increase demand for Okta’s identity and access-management products. Cybersecurity stocks hit new highs as AI agents spark biggest risk today
• Positive Sentiment: Analyst support and technical momentum remain favorable. Okta was among the stocks receiving the most analyst upgrades in September, with higher price targets indicating expectations for additional gains. Separately, coverage highlighted the stock’s breakout to multiyear highs as evidence of improving business momentum. These 3 Stocks Got the Most Love From Analysts in September How to Play Okta Stock at New 3-Year Highs
• Neutral Sentiment: Passwordless security presents a sizable opportunity, but adoption remains incomplete. A Yubico and Okta survey found that security professionals broadly view passkeys as safer than passwords, yet nearly half still use vulnerable login methods. The findings reinforce the need for phishing-resistant authentication while also showing that customer conversion may take time. High Awareness, Low Adoption survey
• Negative Sentiment: Valuation is a major risk. Critical analyses argue that Okta’s shares already discount substantial success, with a high multiple of adjusted earnings and an unproven AI-related growth opportunity. Other coverage warns that recent gains could represent a bull trap if expected agentic-AI benefits fail to translate into faster growth. Okta: Don’t Pay 54x Adjusted Earnings for an Unproven Opportunity Okta: Time to Sell the Bull Trap

Okta Stock Down 0.3%

NASDAQ:OKTA opened at $218.00 on Thursday. Okta has a 12-month low of $62.66 and a 12-month high of $226.44. The firm has a market capitalization of $38.11 billion, a PE ratio of 131.33, a price-to-earnings-growth ratio of 6.80 and a beta of 0.73. The firm has a 50-day moving average price of $170.28 and a 200 day moving average price of $127.55.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. Okta had a return on equity of 4.50% and a net margin of 9.63%.The company had revenue of $805.00 million for the quarter, compared to the consensus estimate of $793.00 million. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, research analysts expect that Okta will post 1.92 EPS for the current year.

Insider Transactions at Okta

In related news, insider Eric Kelleher sold 6,395 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the sale, the insider directly owned 18,668 shares in the company, valued at $3,427,071.44. This represents a 25.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total value of $6,700,812.44. Following the sale, the chief financial officer directly owned 7,693 shares of the company’s stock, valued at $1,249,650.92. This represents a 84.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 137,766 shares of company stock valued at $23,927,112. Corporate insiders own 4.61% of the company’s stock.

Hedge Funds Weigh In On Okta

Institutional investors and hedge funds have recently bought and sold shares of the business. Venture Visionary Partners LLC bought a new stake in shares of Okta during the third quarter worth $260,000. Eleva Capital SAS bought a new position in shares of Okta in the third quarter valued at about $1,849,000. Central Pacific Bank Trust Division lifted its position in Okta by 329.7% during the 3rd quarter. Central Pacific Bank Trust Division now owns 3,695 shares of the company’s stock worth $773,000 after buying an additional 2,835 shares in the last quarter. Argent Capital Management LLC acquired a new position in Okta during the 3rd quarter worth about $4,374,000. Finally, Polaris Financial Partners bought a new stake in Okta during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

About Okta

Okta, Inc is an identity and access management company that helps organizations secure and manage access to applications, systems, devices and digital services. Its platform is designed to support employees, contractors, partners, customers and other users across cloud-based and on-premises environments.

Okta’s products include single sign-on, multifactor authentication, lifecycle management, identity governance, privileged access and identity threat protection. Through its Workforce Identity Cloud and Customer Identity Cloud, the company provides tools for workforce access management and for integrating authentication and authorization capabilities into customer-facing applications.