Okta (OKTA) Stock Forecast, Price Target & Predictions
OKTA Stock Forecast
Okta stock forecast is as follows: an average price target of $120.69 (represents a 62.96% upside from OKTA’s last price of $74.06) and a rating consensus of 'Hold', based on 40 wall street analysts offering a 1-year stock forecast.
OKTA Price Target
OKTA Analyst Ratings
Okta Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 29, 2024 | Keith Bachman | Loop Capital Markets | $103.00 | $81.00 | 27.16% | 39.08% |
Aug 29, 2024 | Keith Bachman | BMO Capital | $103.00 | $79.22 | 30.03% | 39.08% |
Aug 29, 2024 | Patrick Colville | Scotiabank | $92.00 | $81.08 | 13.47% | 24.22% |
Aug 29, 2024 | Shrenik Kothari | Robert W. Baird | $105.00 | $81.08 | 29.50% | 41.78% |
Aug 29, 2024 | Joseph Gallo | Jefferies | $100.00 | $78.69 | 27.08% | 35.03% |
Aug 29, 2024 | Rudy Kessinger | D.A. Davidson | $85.00 | $96.54 | -11.95% | 14.77% |
Aug 29, 2024 | Kingsley Crane | Canaccord Genuity | $90.00 | $96.54 | -6.77% | 21.52% |
Aug 29, 2024 | Rob Owens | Piper Sandler | $100.00 | $96.54 | 3.58% | 35.03% |
Aug 29, 2024 | Roger Boyd | UBS | $108.00 | $96.54 | 11.87% | 45.83% |
Aug 29, 2024 | Andrew Nowinski | Wells Fargo | $90.00 | $96.54 | -6.77% | 21.52% |
Okta Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 12 | 12 | 29 |
Avg Price Target | $101.17 | $101.17 | $104.66 |
Last Closing Price | $74.06 | $74.06 | $74.06 |
Upside/Downside | 36.61% | 36.61% | 41.32% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 03, 2024 | Wells Fargo | Buy | Buy | Hold |
Sep 03, 2024 | Canaccord Genuity | Hold | Hold | Hold |
Aug 29, 2024 | BMO Capital | Perform | Perform | Hold |
Aug 29, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
Aug 29, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
Aug 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
Aug 29, 2024 | UBS | Buy | Buy | Hold |
Aug 29, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
Aug 27, 2024 | BTIG | Buy | Buy | Hold |
Aug 26, 2024 | Jefferies | Hold | Hold | Hold |
Okta Financial Forecast
Okta Revenue Forecast
Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $605.00K | $584.00M | $556.00K | - | $510.00M | $481.04M | $451.81M | $414.94M | $383.01M | $350.68M | $315.50M | $251.01M | $234.74M | $217.38M | $200.45M | $182.86M | $167.33M | $153.04M |
Avg Forecast | $803.55M | $785.62M | $771.44M | $745.02M | $727.64M | $715.24M | $701.91M | $672.67M | $652.68M | $650.28M | $632.60M | $604.35M | $587.20M | $560.58M | $534.67M | $511.02M | $489.86M | $465.36M | $430.70M | $388.85M | $359.91M | $327.24M | $296.72M | $238.63M | $222.51M | $202.82M | $186.26M | $171.78M | $156.60M | $143.88M |
High Forecast | $821.58M | $803.25M | $788.75M | $761.73M | $743.96M | $731.28M | $717.66M | $687.76M | $655.86M | $651.93M | $646.79M | $617.91M | $600.37M | $566.83M | $546.67M | $522.48M | $500.85M | $475.80M | $440.52M | $397.51M | $364.48M | $331.39M | $300.49M | $241.66M | $225.33M | $205.39M | $188.63M | $173.96M | $158.59M | $145.71M |
Low Forecast | $801.59M | $783.70M | $769.56M | $743.20M | $725.86M | $713.49M | $700.20M | $671.02M | $651.04M | $649.93M | $631.06M | $602.87M | $585.76M | $559.62M | $533.37M | $509.77M | $488.66M | $464.22M | $428.10M | $383.42M | $357.09M | $324.67M | $294.39M | $236.76M | $220.76M | $201.22M | $184.80M | $170.44M | $155.37M | $142.75M |
# Analysts | 11 | 11 | 11 | 11 | 11 | 12 | 11 | 10 | 23 | 23 | 17 | 16 | 18 | 24 | 12 | 14 | 12 | 21 | 11 | 21 | 11 | 12 | 18 | 12 | 8 | 15 | 8 | 10 | 16 | 10 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 1.04% | 0.00% | - | 1.04% | 1.03% | 1.05% | 1.07% | 1.06% | 1.07% | 1.06% | 1.05% | 1.05% | 1.07% | 1.08% | 1.06% | 1.07% | 1.06% |
Okta EBITDA Forecast
Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 11 | 11 | 11 | 11 | 11 | 12 | 11 | 10 | 23 | 23 | 17 | 16 | 18 | 24 | 12 | 14 | 12 | 21 | 11 | 21 | 11 | 12 | 18 | 12 | 8 | 15 | 8 | 10 | 16 | 10 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-55.00K | $-65.00M | $-145.00K | - | $-106.00M | $-174.11M | $-173.65M | $-207.93M | $-181.30M | $-165.77M | $-229.50M | $-73.33M | $-39.27M | $-39.18M | $-36.38M | $-41.83M | $-33.48M | $-50.90M |
Avg Forecast | $-228.31M | $-223.22M | $-219.19M | $-211.68M | $-206.74M | $-203.22M | $-199.43M | $-191.12M | $-185.44M | $-184.76M | $-179.74M | $-274.21M | $-166.84M | $-159.28M | $-151.92M | $-249.29M | $-139.18M | $-263.72M | $-122.37M | $-110.48M | $-254.87M | $-208.48M | $-98.99M | $-282.75M | $-211.59M | $-180.07M | $-59.80M | $-54.24M | $-64.90M | $-49.57M |
High Forecast | $-227.75M | $-222.67M | $-218.65M | $-211.16M | $-206.24M | $-202.72M | $-198.95M | $-190.66M | $-184.98M | $-184.66M | $-179.30M | $-219.37M | $-166.43M | $-159.00M | $-151.54M | $-199.43M | $-138.84M | $-210.98M | $-121.64M | $-108.94M | $-203.90M | $-166.78M | $-79.19M | $-226.20M | $-169.27M | $-144.05M | $-47.84M | $-43.39M | $-51.92M | $-39.65M |
Low Forecast | $-233.43M | $-228.22M | $-224.11M | $-216.43M | $-211.38M | $-207.78M | $-203.91M | $-195.41M | $-186.35M | $-185.23M | $-183.77M | $-329.06M | $-170.58M | $-161.05M | $-155.32M | $-299.14M | $-142.31M | $-316.47M | $-125.16M | $-112.94M | $-305.85M | $-250.17M | $-118.79M | $-339.30M | $-253.91M | $-216.08M | $-71.76M | $-65.09M | $-77.88M | $-59.48M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.41% | 0.00% | - | 0.76% | 0.66% | 1.42% | 1.88% | 0.71% | 0.80% | 2.32% | 0.26% | 0.19% | 0.22% | 0.61% | 0.77% | 0.52% | 1.03% |
Okta Net Income Forecast
Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 11 | 11 | 11 | 11 | 11 | 12 | 11 | 10 | 23 | 23 | 17 | 16 | 18 | 24 | 12 | 14 | 12 | 21 | 11 | 21 | 11 | 12 | 18 | 12 | 8 | 15 | 8 | 10 | 16 | 10 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-44.00K | $-81.00M | $-111.00K | - | $-153.00M | $-208.90M | $-210.47M | $-242.71M | $-241.19M | $-221.31M | $-276.68M | $-109.23M | $-75.81M | $-72.76M | $-60.10M | $-57.66M | $-50.47M | $-63.49M |
Avg Forecast | $153.98M | $144.42M | $147.24M | $139.82M | $131.52M | $125.11M | $127.39M | $119.56M | $116.34M | $101.98M | $106.39M | $-364.79M | $88.73M | $51.51M | $37.73M | $-331.63M | $15.84M | $-317.94M | $-51.08M | $-56.49M | $-340.27M | $-251.33M | $-147.46M | $-545.80M | $-392.93M | $-297.50M | $-82.42M | $-81.76M | $-80.96M | $-59.78M |
High Forecast | $158.48M | $148.63M | $151.53M | $143.90M | $135.36M | $128.76M | $131.11M | $123.05M | $121.71M | $103.77M | $109.49M | $-291.84M | $91.31M | $53.01M | $38.83M | $-265.30M | $16.30M | $-254.35M | $-50.68M | $-55.46M | $-272.21M | $-201.07M | $-117.97M | $-436.64M | $-314.34M | $-238.00M | $-65.94M | $-65.41M | $-64.76M | $-47.83M |
Low Forecast | $153.50M | $143.96M | $146.77M | $139.38M | $131.11M | $124.72M | $126.99M | $119.18M | $103.81M | $93.03M | $106.05M | $-437.75M | $88.44M | $49.79M | $37.61M | $-397.96M | $15.79M | $-381.52M | $-52.60M | $-58.13M | $-408.32M | $-301.60M | $-176.96M | $-654.96M | $-471.51M | $-356.99M | $-98.91M | $-98.12M | $-97.15M | $-71.74M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.00% | -1.57% | -0.00% | - | -9.66% | 0.66% | 4.12% | 4.30% | 0.71% | 0.88% | 1.88% | 0.20% | 0.19% | 0.24% | 0.73% | 0.71% | 0.62% | 1.06% |
Okta SG&A Forecast
Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 11 | 11 | 11 | 11 | 11 | 12 | 11 | 10 | 23 | 23 | 17 | 16 | 18 | 24 | 12 | 14 | 12 | 21 | 11 | 21 | 11 | 12 | 18 | 12 | 8 | 15 | 8 | 10 | 16 | 10 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $359.00K | $381.00M | $380.00K | - | $359.00M | $401.50M | $366.34M | $361.82M | $330.49M | $309.03M | $355.43M | $206.70M | $165.88M | $154.30M | $140.82M | $138.08M | $123.99M | $116.11M |
Avg Forecast | $621.17M | $607.31M | $596.35M | $575.93M | $562.49M | $552.90M | $542.60M | $519.99M | $504.54M | $502.69M | $489.02M | $499.86M | $453.92M | $433.35M | $413.32M | $454.42M | $378.68M | $408.42M | $332.94M | $300.60M | $278.22M | $322.86M | $279.05M | $184.47M | $172.01M | $156.78M | $143.99M | $132.80M | $148.04M | $111.23M |
High Forecast | $635.11M | $620.94M | $609.73M | $588.85M | $575.11M | $565.31M | $554.78M | $531.66M | $507.01M | $503.97M | $499.99M | $599.83M | $464.11M | $438.18M | $422.59M | $545.30M | $387.18M | $490.11M | $340.54M | $307.29M | $281.75M | $387.44M | $334.86M | $186.81M | $174.19M | $158.77M | $145.82M | $134.48M | $177.65M | $112.64M |
Low Forecast | $619.66M | $605.83M | $594.90M | $574.52M | $561.12M | $551.55M | $541.28M | $518.72M | $503.28M | $502.42M | $487.83M | $399.89M | $452.81M | $432.61M | $412.31M | $363.53M | $377.75M | $326.74M | $330.94M | $296.40M | $276.04M | $258.29M | $223.24M | $183.02M | $170.66M | $155.55M | $142.86M | $131.75M | $118.43M | $110.35M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.88% | 0.00% | - | 0.95% | 0.98% | 1.10% | 1.20% | 1.19% | 0.96% | 1.27% | 1.12% | 0.96% | 0.98% | 0.98% | 1.04% | 0.84% | 1.04% |
Okta EPS Forecast
Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 11 | 11 | 11 | 11 | 11 | 12 | 11 | 10 | 23 | 23 | 17 | 16 | 18 | 24 | 12 | 14 | 12 | 21 | 11 | 21 | 11 | 12 | 18 | 12 | 8 | 15 | 8 | 10 | 16 | 10 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.00 | $-0.49 | $-0.00 | - | $-0.96 | $-1.32 | $-1.34 | $-1.56 | $-1.56 | $-1.44 | $-1.83 | $-0.83 | $-0.58 | $-0.56 | $-0.48 | $-0.47 | $-0.42 | $-0.53 |
Avg Forecast | $0.88 | $0.83 | $0.84 | $0.80 | $0.75 | $0.72 | $0.73 | $0.69 | $0.67 | $0.58 | $0.61 | $0.54 | $0.51 | $0.30 | $0.22 | $0.12 | $0.09 | $-0.24 | $-0.31 | $-0.34 | $-0.24 | $-0.24 | $-0.35 | $-0.20 | $-0.01 | $-0.01 | $-0.02 | $-0.18 | $-0.05 | $-0.12 |
High Forecast | $0.91 | $0.85 | $0.87 | $0.82 | $0.78 | $0.74 | $0.75 | $0.71 | $0.70 | $0.59 | $0.63 | $0.56 | $0.52 | $0.30 | $0.22 | $0.12 | $0.09 | $-0.24 | $-0.30 | $-0.33 | $-0.24 | $-0.24 | $-0.35 | $-0.20 | $-0.01 | $-0.01 | $-0.02 | $-0.17 | $-0.05 | $-0.12 |
Low Forecast | $0.88 | $0.83 | $0.84 | $0.80 | $0.75 | $0.71 | $0.73 | $0.68 | $0.60 | $0.53 | $0.61 | $0.54 | $0.51 | $0.29 | $0.22 | $0.12 | $0.09 | $-0.25 | $-0.31 | $-0.35 | $-0.25 | $-0.24 | $-0.36 | $-0.20 | $-0.01 | $-0.01 | $-0.02 | $-0.18 | $-0.05 | $-0.12 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.00% | -1.66% | -0.00% | - | -10.57% | 5.45% | 4.39% | 4.58% | 6.45% | 6.03% | 5.19% | 4.12% | 50.43% | 56.63% | 25.40% | 2.69% | 9.19% | 4.35% |
Okta Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
PATH | UiPath | $12.51 | $25.53 | 104.08% | Hold |
OKTA | Okta | $74.06 | $120.69 | 62.96% | Hold |
ZS | Zscaler | $170.06 | $232.54 | 36.74% | Buy |
MDB | MongoDB | $290.09 | $373.27 | 28.67% | Buy |
CRWD | CrowdStrike | $259.13 | $322.56 | 24.48% | Buy |
NET | Cloudflare | $78.59 | $95.00 | 20.88% | Hold |
ADBE | Adobe | $536.87 | $589.17 | 9.74% | Buy |
NTNX | Nutanix | $59.06 | $63.15 | 6.93% | Buy |
PANW | Palo Alto Networks | $346.90 | $312.48 | -9.92% | Buy |
OKTA Forecast FAQ
Is Okta a good buy?
No, according to 40 Wall Street analysts, Okta (OKTA) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 19 'Buy' recommendations, accounting for 47.50% of OKTA's total ratings.
What is OKTA's price target?
Okta (OKTA) average price target is $120.69 with a range of $70 to $283, implying a 62.96% from its last price of $74.06. The data is based on 40 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Okta stock go up soon?
According to Wall Street analysts' prediction for OKTA stock, the company can go up by 62.96% (from the last price of $74.06 to the average price target of $120.69), up by 282.12% based on the highest stock price target, and down by -5.48% based on the lowest stock price target.
Can Okta stock reach $110?
OKTA's average twelve months analyst stock price target of $120.69 supports the claim that Okta can reach $110 in the near future.
What is Okta's current price target trend?
12 Wall Street analysts forecast a $101.17 price target for Okta (OKTA) this month, up 36.61% from its last price of $74.06. Compared to the last 3 and 12 months, the average price target increased by 36.61% and increased by 41.32%, respectively.
What are Okta's analysts' financial forecasts?
Okta's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $2.82B (high $2.88B, low $2.81B), average EBITDA is $-801M (high $-799M, low $-818M), average net income is $503.59M (high $518.28M, low $501.99M), average SG&A $2.18B (high $2.23B, low $2.17B), and average EPS is $2.89 (high $2.97, low $2.88). OKTA's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $3.11B (high $3.18B, low $3.1B), average EBITDA is $-882M (high $-880M, low $-902M), average net income is $585.47M (high $602.54M, low $583.61M), average SG&A $2.4B (high $2.45B, low $2.39B), and average EPS is $3.36 (high $3.45, low $3.35).
Did the OKTA's actual financial results beat the analysts' financial forecasts?
Based on Okta's last annual report (Jan 2024), the company's revenue was $2.26M, which missed the average analysts forecast of $2.19B by -99.90%. Apple's EBITDA was $-460K, missing the average prediction of $-727M by -99.94%. The company's net income was $-355K, missing the average estimation of $-154M by -99.77%. Apple's SG&A was $1.49M, missing the average forecast of $1.76B by -99.92%. Lastly, the company's EPS was $-0.0022, missing the average prediction of $1.14 by -100.19%. In terms of the last quarterly report (Jan 2024), Okta's revenue was $605K, missing the average analysts' forecast of $587.2M by -99.90%. The company's EBITDA was $-55K, missing the average prediction of $-167M by -99.97%. Okta's net income was $-44K, missing the average estimation of $88.73M by -100.05%. The company's SG&A was $359K, missing the average forecast of $453.92M by -99.92%. Lastly, the company's EPS was $-0.0003, missing the average prediction of $0.509 by -100.06%