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 $116.97 (represents a 56.99% upside from OKTA’s last price of $74.51) and a rating consensus of 'Hold', based on 39 wall street analysts offering a 1-year stock forecast.

OKTA Price Target

The average price target for Okta (OKTA) is $116.97 based on 1-year price targets from 39 Wall Street analysts in the past 3 months, with a price target range of $283.00 to $70.00. This represents a potential 56.99% upside from OKTA's last price of $74.51.

OKTA Analyst Ratings

Hold

According to 39 Wall Street analysts, Okta's rating consensus is 'Hold'. The analyst rating breakdown for OKTA stock is 0 'Strong Buy' (0.00%), 18 'Buy' (46.15%), 21 'Hold' (53.85%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Okta Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 18, 2024	Shrenik Kothari	Robert W. Baird	$95.00	$74.45	27.60%	27.50%
Oct 18, 2024	Richard Davis	Canaccord Genuity	$82.00	$74.45	10.14%	10.05%
Oct 17, 2024	Rob Owens	Piper Sandler	$85.00	$74.83	13.60%	14.08%
Oct 17, 2024	Matthew Hedberg	RBC Capital	$101.00	$75.72	33.39%	35.55%
Oct 17, 2024	Gregg Moskowitz	Mizuho Securities	$92.00	$75.72	21.50%	23.47%
Oct 17, 2024	Brent Thill	Jefferies	$85.00	$75.72	12.26%	14.08%
Oct 17, 2024	Rudy Kessinger	D.A. Davidson	$75.00	$75.72	-0.95%	0.66%
Oct 17, 2024	Gray Powerll	BTIG	$98.00	$75.72	29.42%	31.53%
Aug 29, 2024	Keith Bachman	Loop Capital Markets	$103.00	$81.00	27.16%	38.24%
Aug 29, 2024	Keith Bachman	BMO Capital	$103.00	$79.22	30.03%	38.24%

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The latest Okta stock forecast, released on Oct 18, 2024 by Shrenik Kothari from Robert W. Baird, set a price target of $95.00, which represents a 27.60% increase from the stock price at the time of the forecast ($74.45), and a 27.50% increase from OKTA last price ($74.51).

Okta Price Target by Period

	1M	3M	12M
# Anlaysts	-	20	37
Avg Price Target	-	$96.35	$101.30
Last Closing Price	$74.51	$74.51	$74.51
Upside/Downside	-100.00%	29.31%	35.95%

In the current month, the average price target of Okta stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Okta's last price of $74.51. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 22, 2024	Wells Fargo	Underperform	Underperform	Hold
Oct 18, 2024	Canaccord Genuity	Hold	Hold	Hold
Oct 17, 2024	WestPark Capital	Market Perform	Market Perform	Hold
Oct 17, 2024	Piper Sandler	Neutral	Neutral	Hold
Oct 17, 2024	RBC Capital	Outperform	Outperform	Hold
Oct 17, 2024	Jefferies	Hold	Hold	Hold
Oct 17, 2024	BTIG	Buy	Buy	Hold
Oct 04, 2024	Cowen & Co.	Hold	Hold	Hold
Sep 24, 2024	WestPark Capital	Market Perform	Market Perform	Hold
Sep 03, 2024	Canaccord Genuity	Hold	Hold	Hold

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Okta's last stock rating was published by Wells Fargo on Oct 22, 2024. The company gave OKTA a "Underperform" rating, the same as its previous rate.

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	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$605.00K	$584.00M	$556.00K	-	$510.00M	$481.04M	$451.81M	-	$383.01M	$350.68M	$315.50M	-	$234.74M	$217.38M	$200.45M	-	$167.33M	$153.04M
Avg Forecast	$801.28M	$786.30M	$769.37M	$742.58M	$724.84M	$712.56M	$697.59M	$669.52M	$651.29M	$649.74M	$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	$827.35M	$811.88M	$794.40M	$766.74M	$748.42M	$735.74M	$720.28M	$691.30M	$654.57M	$651.32M	$632.60M	$604.35M	$587.21M	$566.83M	$552.07M	$527.64M	$505.80M	$478.59M	$442.96M	$399.92M	$370.16M	$336.55M	$305.17M	$245.42M	$228.84M	$208.59M	$191.57M	$176.67M	$161.06M	$147.98M
Low Forecast	$798.60M	$783.66M	$766.79M	$740.09M	$722.41M	$710.17M	$695.25M	$667.27M	$649.89M	$649.32M	$632.60M	$604.35M	$587.18M	$559.62M	$532.88M	$509.30M	$488.22M	$463.98M	$429.44M	$387.71M	$358.86M	$326.28M	$295.85M	$237.93M	$221.86M	$202.22M	$185.72M	$171.28M	$156.14M	$143.46M
# Analysts	18	14	12	14	12	21	11	21	24	24	18	12	18	24	12	14	12	21	11	21	11	12	18	12	18	5	5	5	5	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	1.04%	0.00%	-	1.04%	1.03%	1.05%	-	1.06%	1.07%	1.06%	-	1.05%	1.07%	1.08%	-	1.07%	1.06%

Okta's average Quarter revenue forecast for May 24 based on 12 analysts is $604.35M, with a low forecast of $604.35M, and a high forecast of $604.35M. 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 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	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
# Analysts	18	14	12	14	12	21	11	21	24	24	18	12	18	24	12	14	12	21	11	21	11	12	18	12	18	5	5	5	5	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$-55.00K	$-65.00M	$-145.00K	-	$-106.00M	$-174.11M	$-173.65M	-	$-181.30M	$-165.77M	$-229.50M	-	$-39.27M	$-39.18M	$-36.38M	-	$-33.48M	$-50.90M
Avg Forecast	$-222.06M	$-217.91M	$-213.22M	$-205.79M	$-200.88M	$-197.47M	$-193.32M	$-185.54M	$-180.49M	$-180.06M	$-175.31M	$-274.21M	$-162.73M	$-155.36M	$-148.18M	$-249.29M	$-280.36M	$-132.22M	$-122.37M	$-226.62M	$-102.26M	$-92.98M	$-84.31M	$-282.75M	$-63.22M	$-57.63M	$-52.92M	$-54.24M	$-44.49M	$-40.88M
High Forecast	$-221.32M	$-217.18M	$-212.50M	$-205.10M	$-200.20M	$-196.81M	$-192.68M	$-184.92M	$-180.11M	$-179.95M	$-175.31M	$-219.37M	$-162.73M	$-155.09M	$-147.68M	$-199.43M	$-224.29M	$-131.83M	$-122.01M	$-181.30M	$-101.96M	$-92.70M	$-84.06M	$-226.20M	$-63.04M	$-57.46M	$-52.77M	$-43.39M	$-44.36M	$-40.76M
Low Forecast	$-229.28M	$-225.00M	$-220.15M	$-212.49M	$-207.41M	$-203.90M	$-199.61M	$-191.58M	$-181.40M	$-180.50M	$-175.31M	$-329.06M	$-162.73M	$-157.09M	$-153.00M	$-299.14M	$-336.43M	$-135.98M	$-125.86M	$-271.95M	$-105.17M	$-95.62M	$-86.71M	$-339.30M	$-65.02M	$-59.27M	$-54.43M	$-65.09M	$-45.76M	$-42.04M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.42%	0.00%	-	0.38%	1.32%	1.42%	-	1.77%	1.78%	2.72%	-	0.62%	0.68%	0.69%	-	0.75%	1.25%

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 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	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
# Analysts	18	14	12	14	12	21	11	21	24	24	18	12	18	24	12	14	12	21	11	21	11	12	18	12	18	5	5	5	5	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$-44.00K	$-81.00M	$-111.00K	-	$-153.00M	$-208.90M	$-210.47M	-	$-241.19M	$-221.31M	$-276.68M	-	$-75.81M	$-72.76M	$-60.10M	-	$-50.47M	$-63.49M
Avg Forecast	$150.65M	$140.01M	$143.79M	$135.98M	$130.87M	$124.08M	$126.06M	$118.47M	$116.76M	$102.03M	$106.39M	$-364.79M	$88.73M	$51.51M	$37.73M	$-331.63M	$-374.29M	$-42.23M	$-53.21M	$-301.48M	$-42.18M	$-41.63M	$-61.55M	$-545.80M	$-2.01M	$-1.72M	$-3.30M	$-81.76M	$-7.97M	$-21.23M
High Forecast	$157.02M	$145.93M	$149.87M	$141.73M	$136.40M	$129.32M	$131.39M	$123.48M	$118.50M	$103.82M	$106.46M	$-291.84M	$88.76M	$53.69M	$39.33M	$-265.30M	$-299.43M	$-42.07M	$-53.01M	$-241.19M	$-42.02M	$-41.47M	$-61.32M	$-436.64M	$-2.00M	$-1.72M	$-3.28M	$-65.41M	$-7.94M	$-21.15M
Low Forecast	$149.99M	$139.40M	$143.16M	$135.39M	$130.29M	$123.54M	$125.51M	$117.95M	$113.27M	$94.87M	$106.31M	$-437.75M	$88.70M	$49.79M	$37.57M	$-397.96M	$-449.15M	$-43.80M	$-55.18M	$-361.78M	$-43.74M	$-43.17M	$-63.83M	$-654.96M	$-2.08M	$-1.79M	$-3.42M	$-98.12M	$-8.26M	$-22.02M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-0.00%	-1.57%	-0.00%	-	0.41%	4.95%	3.96%	-	5.72%	5.32%	4.49%	-	37.79%	42.18%	18.23%	-	6.33%	2.99%

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 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	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
# Analysts	18	14	12	14	12	21	11	21	24	24	18	12	18	24	12	14	12	21	11	21	11	12	18	12	18	5	5	5	5	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$359.00K	$381.00M	$380.00K	-	$359.00M	$401.50M	$366.34M	-	$330.49M	$309.03M	$355.43M	-	$165.88M	$154.30M	$140.82M	-	$123.99M	$116.11M
Avg Forecast	$619.42M	$607.84M	$594.75M	$574.04M	$560.33M	$550.83M	$539.26M	$517.56M	$503.47M	$502.27M	$489.02M	$499.86M	$453.92M	$433.35M	$413.32M	$454.42M	$378.68M	$359.74M	$332.94M	$300.60M	$278.22M	$252.97M	$229.38M	$184.47M	$172.01M	$156.78M	$143.99M	$132.80M	$121.06M	$111.23M
High Forecast	$639.57M	$627.61M	$614.10M	$592.72M	$578.56M	$568.75M	$556.80M	$534.40M	$506.00M	$503.49M	$489.02M	$599.83M	$453.94M	$438.18M	$426.77M	$545.30M	$391.00M	$369.97M	$342.42M	$309.15M	$286.14M	$260.17M	$235.91M	$189.72M	$176.90M	$161.25M	$148.09M	$136.58M	$124.50M	$114.39M
Low Forecast	$617.34M	$605.80M	$592.76M	$572.12M	$558.45M	$548.99M	$537.45M	$515.83M	$502.39M	$501.95M	$489.02M	$399.89M	$453.91M	$432.61M	$411.94M	$363.53M	$377.41M	$358.68M	$331.97M	$299.72M	$277.41M	$252.22M	$228.70M	$183.93M	$171.50M	$156.32M	$143.57M	$132.41M	$120.70M	$110.90M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.88%	0.00%	-	0.95%	1.12%	1.10%	-	1.19%	1.22%	1.55%	-	0.96%	0.98%	0.98%	-	1.02%	1.04%

Okta's average Quarter SG&A projection for May 24 is $499.86M, based on 12 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 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	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
# Analysts	18	14	12	14	12	21	11	21	24	24	18	12	18	24	12	14	12	21	11	21	11	12	18	12	18	5	5	5	5	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$-0.00	$-0.49	$-0.00	-	$-0.96	$-1.32	$-1.34	-	$-1.56	$-1.44	$-1.83	-	$-0.58	$-0.56	$-0.48	-	$-0.42	$-0.53
Avg Forecast	$0.86	$0.80	$0.82	$0.78	$0.75	$0.71	$0.72	$0.68	$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	$0.90	$0.84	$0.86	$0.81	$0.78	$0.74	$0.75	$0.71	$0.68	$0.60	$0.61	$0.54	$0.51	$0.31	$0.23	$0.12	$0.09	$-0.24	$-0.30	$-0.34	$-0.24	$-0.24	$-0.35	$-0.20	$-0.01	$-0.01	$-0.02	$-0.17	$-0.05	$-0.12
Low Forecast	$0.86	$0.80	$0.82	$0.78	$0.75	$0.71	$0.72	$0.68	$0.65	$0.54	$0.61	$0.54	$0.51	$0.29	$0.22	$0.12	$0.09	$-0.25	$-0.32	$-0.35	$-0.25	$-0.25	$-0.37	$-0.21	$-0.01	$-0.01	$-0.02	$-0.18	$-0.05	$-0.13
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-0.00%	-1.66%	-0.00%	-	-10.57%	5.45%	4.39%	-	6.45%	6.03%	5.19%	-	50.43%	56.63%	25.40%	-	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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
PATH	UiPath	$12.76	$25.43	99.29%	Hold
OKTA	Okta	$74.51	$116.97	56.99%	Hold
MDB	MongoDB	$289.15	$373.27	29.09%	Buy
ADBE	Adobe	$499.61	$592.03	18.50%	Buy
ZS	Zscaler	$204.36	$233.41	14.22%	Buy
NET	Cloudflare	$96.37	$95.45	-0.95%	Hold
NTNX	Nutanix	$68.44	$63.23	-7.61%	Buy
CRWD	CrowdStrike	$353.29	$321.14	-9.10%	Buy
PANW	Palo Alto Networks	$388.06	$323.26	-16.70%	Buy

OKTA Forecast FAQ

Is Okta a good buy?

No, according to 39 Wall Street analysts, Okta (OKTA) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 18 'Buy' recommendations, accounting for 46.15% of OKTA's total ratings.

What is OKTA's price target?

Okta (OKTA) average price target is $116.97 with a range of $70 to $283, implying a 56.99% from its last price of $74.51. The data is based on 39 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 56.99% (from the last price of $74.51 to the average price target of $116.97), up by 279.81% based on the highest stock price target, and down by -6.05% based on the lowest stock price target.

Can Okta stock reach $110?

OKTA's average twelve months analyst stock price target of $116.97 supports the claim that Okta can reach $110 in the near future.

What are Okta's analysts' financial forecasts?

Okta's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $2.8B (high $2.9B, low $2.8B), average EBITDA is $-777M (high $-775M, low $-803M), average net income is $499.47M (high $520.6M, low $497.3M), average SG&A $2.17B (high $2.24B, low $2.16B), and average EPS is $2.86 (high $2.98, low $2.85). OKTA's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $3.1B (high $3.2B, low $3.09B), average EBITDA is $-859M (high $-856M, low $-887M), average net income is $570.43M (high $594.55M, low $567.94M), average SG&A $2.4B (high $2.47B, low $2.39B), and average EPS is $3.27 (high $3.41, low $3.26).

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 $-716M 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 $-163M 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%