Throughout the last three months, 34 analysts have evaluated Okta OKTA, offering a diverse set of opinions from bullish to bearish.
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 | 10 | 17 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 5 | 9 | 13 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $105.62, a high estimate of $140.00, and a low estimate of $85.00. This upward trend is evident, with the current average reflecting a 6.12% increase from the previous average price target of $99.53.
Exploring Analyst Ratings: An In-Depth Overview
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 |
|---|---|---|---|---|---|
| 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 |
| Mike Cikos | Needham | Maintains | Buy | $115.00 | $115.00 |
| Patrick Colville | Scotiabank | Lowers | Sector Perform | $94.00 | $96.00 |
| Fatima Boolani | Citigroup | Raises | Neutral | $100.00 | $95.00 |
| Joseph Gallo | Jefferies | Lowers | Hold | $90.00 | $100.00 |
| 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 |
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: 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.
Capture valuable insights into Okta's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Okta analyst ratings.
Delving into Okta's Background
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.
Unraveling the Financial Story of Okta
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Okta's remarkable performance in 3 months is evident. As of 31 October, 2024, the company achieved an impressive revenue growth rate of 13.87%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Okta's net margin excels beyond industry benchmarks, reaching 2.41%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Okta's ROE stands out, surpassing industry averages. With an impressive ROE of 0.26%, the company demonstrates effective use of equity capital and strong financial performance.
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 industry norms, indicating a sound financial structure with a ratio of 0.15.
Analyst Ratings: What Are They?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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