Okta (OKTA) Stock Forecast, Price Target & Predictions


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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


The average price target for Okta (OKTA) is $120.69 based on 1-year price targets from 40 Wall Street analysts in the past 3 months, with a price target range of $283.00 to $70.00. This represents a potential 62.96% upside from OKTA's last price of $74.06.

OKTA Analyst Ratings


Hold

According to 40 Wall Street analysts, Okta's rating consensus is 'Hold'. The analyst rating breakdown for OKTA stock is 0 'Strong Buy' (0.00%), 19 'Buy' (47.50%), 21 'Hold' (52.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Okta Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 29, 2024Keith BachmanLoop Capital Markets$103.00$81.0027.16%39.08%
Aug 29, 2024Keith BachmanBMO Capital$103.00$79.2230.03%39.08%
Aug 29, 2024Patrick ColvilleScotiabank$92.00$81.0813.47%24.22%
Aug 29, 2024Shrenik KothariRobert W. Baird$105.00$81.0829.50%41.78%
Aug 29, 2024Joseph GalloJefferies$100.00$78.6927.08%35.03%
Aug 29, 2024Rudy KessingerD.A. Davidson$85.00$96.54-11.95%14.77%
Aug 29, 2024Kingsley CraneCanaccord Genuity$90.00$96.54-6.77%21.52%
Aug 29, 2024Rob OwensPiper Sandler$100.00$96.543.58%35.03%
Aug 29, 2024Roger BoydUBS$108.00$96.5411.87%45.83%
Aug 29, 2024Andrew NowinskiWells Fargo$90.00$96.54-6.77%21.52%
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The latest Okta stock forecast, released on Aug 29, 2024 by Keith Bachman from Loop Capital Markets, set a price target of $103.00, which represents a 27.16% increase from the stock price at the time of the forecast ($81.00), and a 39.08% increase from OKTA last price ($74.06).

Okta Price Target by Period


1M3M12M
# Anlaysts121229
Avg Price Target$101.17$101.17$104.66
Last Closing Price$74.06$74.06$74.06
Upside/Downside36.61%36.61%41.32%

In the current month, the average price target of Okta stock is $101.17, according to 12 Wall Street analysts offering twelve months forecast. The average price target represents a 36.61% increase as opposed to Okta's last price of $74.06. This month's average price target is down 0.00% compared to last quarter, and down -3.33% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 03, 2024Wells FargoBuyBuyHold
Sep 03, 2024Canaccord GenuityHoldHoldHold
Aug 29, 2024BMO CapitalPerformPerformHold
Aug 29, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 29, 2024ScotiabankSector PerformSector PerformHold
Aug 29, 2024Piper SandlerNeutralNeutralHold
Aug 29, 2024UBSBuyBuyHold
Aug 29, 2024Wells FargoEqual-WeightEqual-WeightHold
Aug 27, 2024BTIGBuyBuyHold
Aug 26, 2024JefferiesHoldHoldHold
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Okta's last stock rating was published by Wells Fargo on Sep 03, 2024. The company gave OKTA a "Buy" rating, the same as its previous rate.

Okta Financial Forecast


Okta Revenue Forecast

Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 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
# Analysts1111111111121110232317161824121412211121111218128158101610
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's average Quarter revenue forecast for May 24 based on 16 analysts is $604.35M, with a low forecast of $602.87M, and a high forecast of $617.91M. OKTA's average Quarter revenue forecast represents a 99792.22% increase compared to the company's last Quarter revenue of $605.00K (Jan 24).

Okta EBITDA Forecast

Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19
# Analysts1111111111121110232317161824121412211121111218128158101610
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%

undefined analysts predict OKTA's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Okta's previous annual EBITDA (undefined) of $NaN.

Okta Net Income Forecast

Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19
# Analysts1111111111121110232317161824121412211121111218128158101610
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's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. OKTA's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Okta SG&A Forecast

Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19
# Analysts1111111111121110232317161824121412211121111218128158101610
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's average Quarter SG&A projection for May 24 is $499.86M, based on 16 Wall Street analysts, with a range of $399.89M to $599.83M. The forecast indicates a 139136.37% rise compared to OKTA last annual SG&A of $359.00K (Jan 24).

Okta EPS Forecast

Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19
# Analysts1111111111121110232317161824121412211121111218128158101610
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%

According to undefined Wall Street analysts, Okta's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to OKTA previous annual EPS of $NaN (undefined).

Okta Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PATHUiPath$12.51$25.53104.08%Hold
OKTAOkta$74.06$120.6962.96%Hold
ZSZscaler$170.06$232.5436.74%Buy
MDBMongoDB$290.09$373.2728.67%Buy
CRWDCrowdStrike$259.13$322.5624.48%Buy
NETCloudflare$78.59$95.0020.88%Hold
ADBEAdobe$536.87$589.179.74%Buy
NTNXNutanix$59.06$63.156.93%Buy
PANWPalo Alto Networks$346.90$312.48-9.92%Buy

OKTA Forecast FAQ


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.

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.

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.

OKTA's average twelve months analyst stock price target of $120.69 supports the claim that Okta can reach $110 in the near future.

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.

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).

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%