The Okta Inc (OKTA) share price is expected to decrease by 5% over the next year. This is based on calculating the average 12-month share price estimate provided by 24 stock analysts who have covered OKTA. Price targets range from $64.00 at the low end to $110.00 at the high end. The current analyst consensus for OKTA is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
OKTA is a stock in Technology which has been forecasted to be worth $84.42 as an average. On the higher end, the forecast price is $110.00 USD by ittai kidron from Oppenheimer and on the lower end OKTA is forecasted to be $64.00 by tal liani from Bank of America Securities.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
shaul eyal TD Cowen | Hold | $90.0 | maintained | Feb 16, 2024 |
trevor j. walsh JMP Securities | Hold | None | maintained | Feb 2, 2024 |
patrick colville Scotiabank | Hold | $82.0 | reiterated | Feb 2, 2024 |
alex henderson Needham | Buy | $105.0 | maintained | Feb 1, 2024 |
shrenik kothari Robert W. Baird | Buy | $90.0 | maintained | Feb 1, 2024 |
joseph gallo Jefferies | Hold | $95.0 | maintained | Feb 1, 2024 |
peter weed Bernstein | Hold | $84.0 | maintained | Feb 1, 2024 |
madeline brooks Bank of America Securities | Sell | $64.0 | maintained | Feb 1, 2024 |
joel fishbein Truist Financial | Hold | $85.0 | maintained | Jan 16, 2024 |
adam borg Stifel Nicolaus | Buy | $95.0 | maintained | Jan 12, 2024 |
fatima boolani Citi | Hold | $85.0 | maintained | Jan 9, 2024 |
peter levine Evercore ISI | Hold | $70.0 | maintained | Jan 9, 2024 |
gregg moskowitz Mizuho Securities | Hold | $85.0 | downgraded | Jan 8, 2024 |
rob owens Piper Sandler | Hold | $85.0 | rated | Jan 4, 2024 |
gabriela borges Goldman Sachs | Buy | None | maintained | Jan 1, 2024 |
gray powell BTIG | Buy | $100.0 | maintained | Dec 28, 2023 |
michael walkley Canaccord Genuity | Hold | $85.0 | maintained | Dec 22, 2023 |
andrew nowinski Wells Fargo | Hold | $70.0 | maintained | Dec 20, 2023 |
shyam patil Susquehanna | Hold | $75.0 | initiatedcoverage | Dec 15, 2023 |
matthew hedberg RBC Capital | Buy | $95.0 | rated | Nov 30, 2023 |
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta's, a suite of products and services is used to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway enables organizations to extend the Workforce Identity Cloud; Advanced Server Access to manage and secure cloud infrastructure; and Okta Identity Governance, an identity access management and identity governance solutions. It also provides Universal Login allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; Private Cloud that allows customers to run a dedicated cloud instance of Customer Identity Cloud; In addition, the company provides organization; Actions and Extensibility; and Enterprise Connections. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
When did it IPO
2017
Staff Count
5,913
Country
United States
Sector/Industry
Technology/Software—Infrastructure
CEO
Mr. Todd McKinnon
Market Cap
$14.69B
In 2023, OKTA generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that OKTA's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
POOL-USD
$387.3
MANH-USD
$243.81
NDSN-USD
$264.07
NWS-USD
$27.41
CELH-USD
$64.13
NTNX-USD
$58.34