Okta OKTA underwent analysis by 30 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 10 | 11 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 1 | 0 | 0 |
| 3M Ago | 7 | 7 | 10 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $119.6, a high estimate of $140.00, and a low estimate of $100.00. This current average reflects an increase of 10.59% from the previous average price target of $108.15.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive Okta. The following summary 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 |
|---|---|---|---|---|---|
| Yun Kim | Loop Capital | Announces | Buy | $140.00 | - |
| Taz Koujalgi | Roth Capital | Announces | Buy | $119.00 | - |
| Simeon Gutman | Morgan Stanley | Lowers | Overweight | $123.00 | $125.00 |
| Brian Colley | Stephens & Co. | Announces | Equal-Weight | $127.00 | - |
| Jonathan Ruykhaver | Cantor Fitzgerald | Announces | Overweight | $130.00 | - |
| Simeon Gutman | Morgan Stanley | Raises | Overweight | $125.00 | $106.00 |
| Shyam Patil | Susquehanna | Raises | Neutral | $105.00 | $95.00 |
| Adam Borg | Stifel | Raises | Buy | $120.00 | $115.00 |
| Joel Fishbein | Truist Securities | Raises | Hold | $100.00 | $92.00 |
| Fatima Boolani | Citigroup | Raises | Neutral | $110.00 | $100.00 |
| Shaul Eyal | Oppenheimer | Raises | Outperform | $135.00 | $125.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $120.00 | $115.00 |
| Shrenik Kothari | Baird | Raises | Outperform | $130.00 | $115.00 |
| Gabriela Borges | Goldman Sachs | Raises | Buy | $123.00 | $107.00 |
| Patrick Colville | Scotiabank | Raises | Sector Perform | $109.00 | $94.00 |
| Eric Heath | Keybanc | Raises | Overweight | $135.00 | $125.00 |
| Casey Ryan | WestPark Capital | Maintains | Buy | $140.00 | $140.00 |
| Andrew Nowinski | Wells Fargo | Raises | Equal-Weight | $100.00 | $95.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $127.00 | $110.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $115.00 | $105.00 |
| Mike Cikos | Needham | Maintains | Buy | $115.00 | $115.00 |
| Joseph Gallo | Jefferies | Raises | Hold | $110.00 | $90.00 |
| Richard Davis | Canaccord Genuity | Raises | Hold | $100.00 | $94.00 |
| Rudy Kessinger | DA Davidson | Raises | Buy | $125.00 | $90.00 |
| Brian Essex | JP Morgan | Raises | Overweight | $105.00 | $100.00 |
| Casey Ryan | WestPark Capital | Maintains | Buy | $140.00 | $140.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $105.00 | $96.00 |
| Roger Boyd | UBS | Raises | Buy | $120.00 | $108.00 |
| Gregg Moskowitz | Mizuho | Raises | Neutral | $110.00 | $100.00 |
| Eric Heath | Keybanc | Raises | Overweight | $125.00 | $115.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Okta. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Okta compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Okta's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Okta's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Okta analyst ratings.
Unveiling the Story Behind 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: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3M period, Okta showcased positive performance, achieving a revenue growth rate of 12.73% as of 31 January, 2025. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Okta's net margin excels beyond industry benchmarks, reaching 3.37%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Okta's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.36%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Okta's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.25% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Okta's debt-to-equity ratio is below the industry average at 0.15, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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