Ratings for Okta OKTA were provided by 18 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 4 | 11 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 3 | 10 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $113.44, a high estimate of $140.00, and a low estimate of $88.00. Marking an increase of 31.05%, the current average surpasses the previous average price target of $86.56.
Exploring Analyst Ratings: An In-Depth Overview
A clear picture of Okta's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Gregg Moskowitz | Mizuho | Raises | Neutral | $110.00 | $105.00 |
| Taz Koujalgi | Wedbush | Maintains | Outperform | $130.00 | - |
| Shyam Patil | Susquehanna | Raises | Neutral | $115.00 | $75.00 |
| Shrenik Kothari | Baird | Raises | Outperform | $108.00 | $90.00 |
| Peter Levine | Evercore ISI Group | Raises | In-Line | $102.00 | $70.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $125.00 | $95.00 |
| Brian Essex | JP Morgan | Raises | Neutral | $105.00 | $88.00 |
| Ittai Kidron | Oppenheimer | Raises | Outperform | $125.00 | $110.00 |
| Madeline Brooks | B of A Securities | Raises | Buy | $135.00 | $64.00 |
| Gregg Moskowitz | Mizuho | Raises | Neutral | $105.00 | $90.00 |
| Gabriela Borges | Goldman Sachs | Raises | Buy | $120.00 | $105.00 |
| Gregory Miller | Truist Securities | Raises | Hold | $105.00 | $85.00 |
| Rob Owens | Piper Sandler | Raises | Neutral | $110.00 | $85.00 |
| Keith Bachman | BMO Capital | Raises | Market Perform | $110.00 | $80.00 |
| Michael Walkley | Canaccord Genuity | Raises | Hold | $95.00 | $85.00 |
| Peter Weed | Bernstein | Raises | Market Perform | $114.00 | $84.00 |
| Casey Ryan | WestPark Capital | Announces | Buy | $140.00 | - |
| Brian Essex | JP Morgan | Raises | Neutral | $88.00 | $74.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Okta. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Okta compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Okta's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Okta's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Okta analyst ratings.
All You Need to Know About Okta
Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.
Financial Insights: Okta
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Positive Revenue Trend: Examining Okta's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 18.63% as of 31 January, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Okta's net margin excels beyond industry benchmarks, reaching -7.27%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Okta's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -0.76%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -0.5%, the company showcases effective utilization of assets.
Debt Management: Okta's debt-to-equity ratio is below the industry average at 0.22, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: Simplified
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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