Okta (OKTA)
NASDAQ:OKTA

Okta (OKTA) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

OKTA Analyst Ratings

Moderate Buy
26Ratings
14 Buy
11 Hold
1 Sell
Based on 26 analysts giving stock ratings to
Okta
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

OKTA Stock 12 Months Forecast

Average Price Target

$74.13
▲(9.94% Upside)
Based on 26 Wall Street analysts offering 12 month price targets for Okta in the last 3 months. The average price target is $74.13 with a high forecast of $110.00 and a low forecast of $45.00. The average price target represents a 9.94% change from the last price of $67.43.
Highest Price Target$110.00Average Price Target$74.13Lowest Price Target$45.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
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RBC Capital
$80.00
Buy
18.64%
Upside
Reiterated
Okta Stock Can Move In Positive Direction Despite Challenges, Analysts SayPreliminary FY24 guidance was provided and lower than expectations, though conservative, as he thinks it creates an attractive setup for upside in FY24 and likely a re-acceleration in FY25.
Jefferies
$80.00
Buy
18.64%
Upside
Reiterated
Okta stock surges more than 25% as analysts approve of companys profit headingWe dont discount the work ahead, but Okta has a clearer vision and these results should alleviate competition fears, Gallo said.
Piper Sandler
$80.00
Buy
18.64%
Upside
Reiterated
Piper Sandler Maintains Overweight on Okta, Lowers Price Target to $80
KeyBanc
$66.00
Buy
-2.12%
Downside
Reiterated
KeyBanc Sticks to Its Buy Rating for Okta (OKTA)
Canaccord Genuity
$70.00
Hold
3.81%
Upside
Reiterated
Canaccord Genuity Maintains Hold on Okta, Lowers Price Target to $70
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OKTA Financial Forecast

OKTA Earnings Forecast
Next quarter’s earnings estimate for OKTA is $0.04 with a range of -$0.15 to $0.11. The previous quarter’s EPS was -$0.07. OKTA beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.82% of the time in the same period. In the last calendar year OKTA has Outperformed its overall industry.
Next quarter’s earnings estimate for OKTA is $0.04 with a range of -$0.15 to $0.11. The previous quarter’s EPS was -$0.07. OKTA beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.82% of the time in the same period. In the last calendar year OKTA has Outperformed its overall industry.
OKTA Sales Forecast
Next quarter’s sales forecast for OKTA is $489.91M with a range of $483.30M to $513.63M. The previous quarter’s sales results were ―. OKTA beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.21% of the time in the same period. In the last calendar year OKTA has Outperformed its overall industry.
Next quarter’s sales forecast for OKTA is $489.91M with a range of $483.30M to $513.63M. The previous quarter’s sales results were ―. OKTA beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.21% of the time in the same period. In the last calendar year OKTA has Outperformed its overall industry.
OKTA Analyst Recommendation Trends
In the current month, OKTA has received 7 Buy ratings 4 Hold ratings, and 0 Sell ratings. The OKTA average analyst price target in the past 3 months is $74.13
In the current month, OKTA has received 7 Buy ratings 4 Hold ratings, and 0 Sell ratings. The OKTA average analyst price target in the past 3 months is $74.13

OKTA Stock Forecast FAQ

What is OKTA’s average 12-month price target, according to analysts?
Based on analyst ratings, Okta’s 12-month average price target is $74.13.
    What is OKTA’s upside potential, based on the analysts’ average price target?
    Okta has 9.94% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is OKTA a Buy, Sell or Hold?
          Okta has a conensus rating of Moderate Buy which is based on 14 buy ratings, 11 hold ratings and 1 sell ratings.
            What is Okta’s price target?
            The average price target for Okta is $74.13. This is based on 26 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $110.00 ,the lowest forecast is $45.00. The average price target represents 9.94% Increase from the current price of $67.43.
              What do analysts say about Okta?
              Okta’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 26 Wall Streets Analysts.

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