12 Month Price Forecast For OKTA
Distance to OKTA Price Forecasts
OKTA Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: December 13, 2024 5:04 PM UTC
OKTA Analyst Ratings & Price Targets
Based on our analysis of 55 Wall Street analysts, OKTA has a consensus that is neutral. The median price target is $100.50, with forecasts ranging from $75.00 to $140.00. Currently, there are 18 Buy ratings, 21 Hold ratings, and 1 Sell ratings.
With OKTA currently trading at $83.91, the median price forecast suggests a 19.8% upside. The most optimistic forecast comes from Casey Ryan at WestPark Capital, projecting a 66.8% upside, while Rudy Kessinger at DA Davidson provides the most conservative target, suggesting a -10.6% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
OKTA Analyst Consensus
OKTA Price Target Range
Latest OKTA Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for OKTA.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Dec 5, 2024 | Bernstein | Peter Weed | Outperform | Upgrade | $129.00 |
| Dec 5, 2024 | Wells Fargo | Andrew Nowinski | Equal-Weight | Maintains | $95.00 |
| Dec 4, 2024 | Guggenheim | John Difucci | Buy | Reiterates | $130.00 |
| Dec 4, 2024 | DA Davidson | Rudy Kessinger | Neutral | Maintains | $90.00 |
| Dec 4, 2024 | RBC Capital | Matthew Hedberg | Outperform | Reiterates | $101.00 |
| Dec 4, 2024 | Susquehanna | Shyam Patil | Neutral | Maintains | $95.00 |
| Dec 4, 2024 | Morgan Stanley | Simeon Gutman | Overweight | Maintains | $106.00 |
| Dec 4, 2024 | Citigroup | Fatima Boolani | Neutral | Maintains | $95.00 |
| Dec 4, 2024 | Goldman Sachs | Gabriela Borges | Buy | Maintains | $107.00 |
| Dec 4, 2024 | Stifel | Adam Borg | Buy | Maintains | $115.00 |
| Dec 4, 2024 | Barclays | Saket Kalia | Equal-Weight | Maintains | $96.00 |
| Dec 4, 2024 | Jefferies | Joseph Gallo | Hold | Maintains | $100.00 |
| Dec 4, 2024 | JMP Securities | Trevor Walsh | Market Perform | Reiterates | $0.00 |
| Dec 4, 2024 | Needham | Mike Cikos | Buy | Maintains | $115.00 |
| Dec 4, 2024 | Baird | Shrenik Kothari | Outperform | Maintains | $105.00 |
| Dec 4, 2024 | WestPark Capital | Casey Ryan | Buy | Reiterates | $140.00 |
| Dec 4, 2024 | Scotiabank | Patrick Colville | Sector Perform | Maintains | $96.00 |
| Dec 4, 2024 | Truist Securities | Joel Fishbein | Hold | Reiterates | $92.00 |
| Dec 4, 2024 | BMO Capital | Keith Bachman | Market Perform | Maintains | $105.00 |
| Dec 4, 2024 | Piper Sandler | Rob Owens | Neutral | Maintains | $90.00 |
Okta Inc (OKTA) Financial Data
Okta Inc has a market capitalization of $14.57B with a P/E ratio of -38.0x. The company generates $2.45B in trailing twelve-month revenue with a -5.5% profit margin.
Revenue growth is +16.2% quarter-over-quarter, while maintaining an operating margin of -2.9% and return on equity of -2.3%.
Valuation Metrics
Growth & Margins
Financial Health
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Okta Inc (OKTA) Company Overview
About Okta Inc
Provides identity management and security solutions.
The company generates revenue by selling a suite of identity and access management products directly to customers and through channel partners. Its offerings include Single Sign-On, Adaptive Multi-Factor Authentication, API Access Management, and more, allowing organizations to manage and secure user identities across various applications and devices.
Founded in 2009 and headquartered in San Francisco, Okta operates both domestically and internationally. The company is focused on providing comprehensive security solutions that enhance user experiences while maintaining robust security measures, thereby addressing the growing demand for identity management in an increasingly digital world.
Company Information
Sector
Technology
Industry
Software - Infrastructure
Employees
5,938
CEO
Mr. Todd McKinnon
Country
United States
IPO Year
2017
Website
www.okta.comOkta Inc (OKTA) Latest News & Analysis
Okta, Inc. (OKTA) Is a Trending Stock: Facts to Know Before Betting on It
2 days agoZacks.com users are increasingly focused on Okta (OKTA), indicating potential interest or activity surrounding the stock. Investors may want to monitor developments closely.
Increased interest from Zacks.com users signals potential volatility or opportunity in Okta's stock, prompting investors to reassess their positions and strategies.
Bull of the Day: Okta (OKTA)
1 day agoOkta (OKTA) shares were below $75 in late September, impacted by a customer data breach. It may be a good addition for cybersecurity-focused investors.
Okta's recent share price recovery after a breach highlights potential growth in the cybersecurity sector, signaling possible investment opportunities amidst market volatility.
Okta Shares Rise on Improved Guidance. Is It Too Late to Buy the Stock?
4 days agoOkta (OKTA) shares rose following strong fiscal Q3 results and raised guidance, but the stock remains down approximately 5% year-to-date.
Okta's strong quarterly results and raised guidance indicate potential growth, yet the year-to-date decline suggests market skepticism, impacting investor sentiment and future valuation.
Okta (OKTA) Upgraded to Buy: Here's What You Should Know
4 days agoOkta (OKTA) has been upgraded to a Zacks Rank #2 (Buy), indicating increasing optimism about its earnings prospects, potentially leading to stock price gains.
Okta's upgrade to Zacks Rank #2 signals strong earnings potential, likely boosting investor confidence and possibly driving the stock price higher.
Why Okta (OKTA) Might be Well Poised for a Surge
4 days agoOkta (OKTA) shares are showing upward momentum, supported by positive revisions in earnings estimates, suggesting potential for continued growth.
Rising earnings estimates for Okta suggest improved financial performance, potentially driving stock price increases and attracting investor interest.
Okta: On The Path To A Rebound, Keep Holding On For Upside
5 days agoOkta's stock rating is downgraded to "buy" from "strong buy" after a Q3 earnings beat with 14% revenue growth; however, net revenue retention rates are declining.
Okta's downgrade to buy signals potential caution, despite strong earnings. Waning net revenue retention and reliance on federal deals could impact future growth, affecting investor sentiment.
Frequently Asked Questions About OKTA Stock
What is Okta Inc's (OKTA) stock forecast for 2025?
Based on our analysis of 55 Wall Street analysts, Okta Inc (OKTA) has a median price target of $100.50. The highest price target is $140.00 and the lowest is $75.00.
Is OKTA stock a good investment in 2025?
According to current analyst ratings, OKTA has 18 Buy ratings, 21 Hold ratings, and 1 Sell ratings. The stock is currently trading at $83.91. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for OKTA stock?
Wall Street analysts predict OKTA stock could reach $100.50 in the next 12 months. This represents a 19.8% increase from the current price of $83.91. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Okta Inc's business model?
The company generates revenue by selling a suite of identity and access management products directly to customers and through channel partners. Its offerings include Single Sign-On, Adaptive Multi-Factor Authentication, API Access Management, and more, allowing organizations to manage and secure user identities across various applications and devices.
What is the highest forecasted price for OKTA Okta Inc?
The highest price target for OKTA is $140.00 from Casey Ryan at WestPark Capital, which represents a 66.8% increase from the current price of $83.91.
What is the lowest forecasted price for OKTA Okta Inc?
The lowest price target for OKTA is $75.00 from Rudy Kessinger at DA Davidson, which represents a -10.6% decrease from the current price of $83.91.
What is the overall OKTA consensus from analysts for Okta Inc?
The overall analyst consensus for OKTA is neutral. Out of 55 Wall Street analysts, 18 rate it as Buy, 21 as Hold, and 1 as Sell, with a median price target of $100.50.
How accurate are OKTA stock price projections?
Stock price projections, including those for Okta Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
