Okta, Inc. (NASDAQ:OKTA) Stock Has Consensus Target Price of $202.38

Okta, Inc. (NASDAQ:OKTA) has received an average recommendation of “Moderate Buy” from the forty-three research firms that are presently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $202.38.

A number of research analysts recently commented on OKTA shares. Piper Sandler increased their price target on shares of Okta from $105.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Barclays boosted their price objective on Okta from $180.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Scotiabank reissued an “outperform” rating on shares of Okta in a research note on Monday, September 28th. Sanford C. Bernstein downgraded Okta from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $143.00 to $174.00 in a research report on Thursday, September 17th. Finally, HC Wainwright assumed coverage on Okta in a research note on Monday, July 6th. They issued a “buy” rating for the company.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Analyst upgrade supports sentiment. Zacks Research upgraded Okta from “hold” to “strong buy,” potentially encouraging additional investor interest. Zacks Research analyst rating
• Positive Sentiment: Strong cash generation differentiates Okta. A comparison with monday.com highlighted Okta’s fiscal 2026 revenue growth of 12%, $863 million in free cash flow, and a 28% free-cash-flow margin in its latest quarter. Those figures reinforce the company’s financial flexibility and recurring-revenue profile. Monday.com versus Okta comparison
• Positive Sentiment: AI-agent security is creating a potential growth opportunity. Okta executives said risk leaders increasingly want assurance that companies can control AI agents and distinguish legitimate agents from malicious bots. The trend could increase demand for identity, authentication, and access-management solutions. Okta AI-agent security article
• Neutral Sentiment: Cybersecurity remains a powerful but volatile theme. A surge in AI-discovered vulnerabilities is increasing attention on cybersecurity providers, which may benefit Okta’s category, but the broader group has already experienced substantial gains and sharp trading swings. Cybersecurity stock market article
• Negative Sentiment: Valuation leaves limited room for disappointment. Okta is trading above the reported analyst consensus price target of $202.38, while its elevated valuation makes investors more sensitive to any slowdown in growth or weaker guidance. Okta consensus price target

Insider Activity at Okta

In other Okta news, CEO Todd McKinnon sold 48,822 shares of Okta stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total transaction of $9,446,080.56. Following the completion of the transaction, the chief executive officer directly owned 44,029 shares of the company’s stock, valued at $8,518,730.92. The trade was a 52.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of Okta stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the transaction, the chief financial officer directly owned 7,693 shares of the company’s stock, valued at $1,249,650.92. The trade was a 84.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 137,766 shares of company stock worth $23,927,112. Company insiders own 4.61% of the company’s stock.

Institutional Investors Weigh In On Okta

Several hedge funds and other institutional investors have recently made changes to their positions in OKTA. Burkett Financial Services LLC purchased a new position in Okta during the 3rd quarter valued at about $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of Okta in the 3rd quarter valued at about $33,000. Polaris Financial Partners bought a new stake in shares of Okta in the 3rd quarter valued at about $36,000. Washington Trust Advisors Inc. raised its holdings in shares of Okta by 64.2% in the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock valued at $27,000 after purchasing an additional 77 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Okta by 279.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company’s stock worth $40,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta Stock Performance

OKTA stock opened at $222.66 on Monday. The firm has a fifty day moving average price of $189.69 and a 200 day moving average price of $123.45. Okta has a fifty-two week low of $62.66 and a fifty-two week high of $235.00. The firm has a market cap of $38.93 billion, a PE ratio of 134.13, a price-to-earnings-growth ratio of 6.63 and a beta of 0.73.

Okta (NASDAQ:OKTA) last released its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The company had revenue of $805.00 million for the quarter, compared to the consensus estimate of $793.00 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Okta’s 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, equities analysts predict that Okta will post 1.92 EPS for the current year.

Okta Company Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations worldwide. Its platform helps businesses securely connect employees, contractors, customers and partners with the applications, systems and services they need to use.

The company’s offerings include single sign-on, multifactor authentication, identity governance, lifecycle management, directory services and privileged access management. Okta also provides customer identity solutions through Auth0, its developer-focused identity platform, which supports authentication and authorization for applications and digital experiences.

Okta serves enterprises, government agencies, small and medium-sized businesses, developers and other organizations across North America, Europe, Asia-Pacific and additional international markets.