During the last three months, 30 analysts shared their evaluations of Okta OKTA, revealing diverse outlooks 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 | 8 | 9 | 13 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 7 | 6 | 9 | 0 | 0 |
| 2M Ago | 1 | 1 | 3 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Okta, revealing an average target of $115.43, a high estimate of $140.00, and a low estimate of $90.00. Surpassing the previous average price target of $106.66, the current average has increased by 8.22%.
Exploring Analyst Ratings: An In-Depth Overview
The analysis of recent analyst actions sheds light on the perception of Okta by financial experts. 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 |
|---|---|---|---|---|---|
| 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 |
| 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 | - |
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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Okta compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
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.
Discovering Okta: A Closer Look
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: 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.
Revenue Growth: Okta displayed positive results in 3 months. As of 31 January, 2025, the company achieved a solid revenue growth rate of approximately 12.73%. This indicates a notable 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 3.37%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Okta's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.36% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.25%, the company showcases effective utilization of assets.
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.
How Are Analyst Ratings Determined?
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 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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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