Analysts' ratings for Okta OKTA over the last quarter vary from bullish to bearish, as provided by 40 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 11 | 22 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 5 | 8 | 13 | 0 | 0 |
| 2M Ago | 1 | 0 | 2 | 0 | 0 |
| 3M Ago | 1 | 2 | 7 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $99.0, along with a high estimate of $140.00 and a low estimate of $75.00. A 1.27% drop is evident in the current average compared to the previous average price target of $100.27.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of Okta by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Eric Heath | Keybanc | Announces | Overweight | $115.00 | - |
| Peter Weed | Bernstein | Lowers | Outperform | $124.00 | $129.00 |
| Shrenik Kothari | Baird | Raises | Outperform | $115.00 | $105.00 |
| Brian Essex | JP Morgan | Announces | Overweight | $100.00 | - |
| Andrew Nowinski | Wells Fargo | Raises | Equal-Weight | $95.00 | $80.00 |
| Peter Weed | Bernstein | Raises | Outperform | $129.00 | $123.00 |
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $101.00 | $101.00 |
| Fatima Boolani | Citigroup | Raises | Neutral | $95.00 | $90.00 |
| Rudy Kessinger | DA Davidson | Raises | Neutral | $90.00 | $75.00 |
| Patrick Colville | Scotiabank | Raises | Sector Perform | $96.00 | $92.00 |
| Kingsley Crane | Canaccord Genuity | Raises | Hold | $94.00 | $82.00 |
| Gabriela Borges | Goldman Sachs | Raises | Buy | $107.00 | $97.00 |
| Keith Bachman | BMO Capital | Raises | Market Perform | $105.00 | $103.00 |
| Rob Owens | Piper Sandler | Raises | Neutral | $90.00 | $85.00 |
| John Difucci | Guggenheim | Maintains | Buy | $130.00 | $130.00 |
| Joel Fishbein | Truist Securities | Raises | Hold | $92.00 | $80.00 |
| Shyam Patil | Susquehanna | Raises | Neutral | $95.00 | $85.00 |
| Adam Borg | Stifel | Raises | Buy | $115.00 | $108.00 |
| Simeon Gutman | Morgan Stanley | Raises | Overweight | $106.00 | $97.00 |
| Shrenik Kothari | Baird | Raises | Outperform | $105.00 | $95.00 |
| Casey Ryan | WestPark Capital | Maintains | Buy | $140.00 | $140.00 |
| Mike Cikos | Needham | Raises | Buy | $115.00 | $100.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $96.00 | $81.00 |
| Joseph Gallo | Jefferies | Raises | Hold | $100.00 | $85.00 |
| Simeon Gutman | Morgan Stanley | Raises | Overweight | $97.00 | $92.00 |
| Brian Essex | JP Morgan | Lowers | Neutral | $85.00 | $105.00 |
| Saket Kalia | Barclays | Announces | Equal-Weight | $81.00 | - |
| Brad Zelnick | Deutsche Bank | Lowers | Hold | $85.00 | $115.00 |
| Simeon Gutman | Morgan Stanley | Lowers | Equal-Weight | $92.00 | $100.00 |
| Gabriela Borges | Goldman Sachs | Lowers | Buy | $97.00 | $113.00 |
| Shrenik Kothari | Baird | Lowers | Outperform | $95.00 | $105.00 |
| Kingsley Crane | Canaccord Genuity | Lowers | Hold | $82.00 | $90.00 |
| Rudy Kessinger | DA Davidson | Lowers | Neutral | $75.00 | $85.00 |
| Gray Powell | BTIG | Lowers | Buy | $98.00 | $128.00 |
| Andrew Nowinski | Wells Fargo | Lowers | Equal-Weight | $80.00 | $90.00 |
| Joel Fishbein | Truist Securities | Lowers | Hold | $80.00 | $95.00 |
| Gregg Moskowitz | Mizuho | Lowers | Neutral | $92.00 | $104.00 |
| Matthew Hedberg | RBC Capital | Lowers | Outperform | $101.00 | $125.00 |
| Rob Owens | Piper Sandler | Lowers | Neutral | $85.00 | $100.00 |
| Joseph Gallo | Jefferies | Lowers | Hold | $85.00 | $100.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Okta. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Okta compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Okta's stock. This examination reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Okta's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Okta analyst ratings.
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.
Okta's Financial Performance
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Okta showcased positive performance, achieving a revenue growth rate of 13.87% as of 31 October, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 2.41%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 0.26%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.18%, the company showcases effective utilization of assets.
Debt Management: Okta's debt-to-equity ratio is below the industry average. With a ratio of 0.15, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of Analyst Ratings
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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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