Okta (NASDAQ:OKTA) Price Target Raised to $165.00

30 Aug 2026, 05:24 by Michael Walen · The Markets Daily

Okta (NASDAQ:OKTA – Free Report) had its price objective hoisted by Mizuho from $145.00 to $165.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently weighed in on the company. KeyCorp lifted their price target on Okta from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday. Scotiabank reissued an “outperform” rating and issued a $190.00 price objective on shares of Okta in a research note on Thursday. DA Davidson raised their price objective on Okta from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday. New Street Research set a $200.00 price objective on Okta in a research report on Thursday. Finally, Royal Bank Of Canada lifted their target price on Okta from $166.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $172.92.

Read Our Latest Stock Report on Okta

Okta Stock Performance

Okta stock opened at $166.23 on Thursday. The company has a 50 day moving average price of $141.34 and a 200 day moving average price of $105.53. Okta has a 52 week low of $62.66 and a 52 week high of $174.85. The firm has a market capitalization of $28.89 billion, a price-to-earnings ratio of 100.14, a P/E/G ratio of 5.94 and a beta of 0.77.

Okta (NASDAQ:OKTA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The firm had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $793.00 million. During the same period in the previous year, the company posted $0.91 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. Equities analysts forecast that Okta will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Okta

In other news, CEO Todd Mckinnon sold 68,936 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $146.62, for a total transaction of $10,107,396.32. Following the transaction, the chief executive officer owned 38,484 shares in the company, valued at approximately $5,642,524.08. This trade represents a 64.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Larissa Schwartz sold 2,463 shares of Okta stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $120.00, for a total transaction of $295,560.00. Following the completion of the sale, the insider directly owned 25,241 shares of the company’s stock, valued at approximately $3,028,920. The trade was a 8.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 165,347 shares of company stock valued at $21,827,342. 4.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Okta

Several hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in Okta during the first quarter valued at about $225,000. NewEdge Advisors LLC lifted its position in shares of Okta by 853.4% in the first quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock worth $582,000 after buying an additional 4,950 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Okta during the 2nd quarter worth about $244,000. Invesco Ltd. boosted its stake in shares of Okta by 34.1% during the 2nd quarter. Invesco Ltd. now owns 430,844 shares of the company’s stock worth $43,071,000 after acquiring an additional 109,614 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Okta by 122.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,621 shares of the company’s stock valued at $162,000 after acquiring an additional 893 shares during the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

More Okta News

Here are the key news stories impacting Okta this week:

Positive Sentiment: Quarterly beat and raised outlook: Okta reported adjusted earnings of $1.05 per share versus the $0.96 consensus, while revenue increased 10.6% year over year to $805 million, ahead of the roughly $793 million estimate. Subscription revenue rose 12%, and management raised its fiscal 2027 revenue outlook to approximately $3.216 billion-$3.226 billion, or 10%-11% growth. OKTA Q2 Earnings Beat on Subscription Growth, FY27 View Raised
Positive Sentiment: AI is expanding the identity-security market: Analysts and company executives highlighted rising demand to secure AI agents and other nonhuman identities. Okta’s new Agent SSO product is designed to provide access controls, visibility and policy management for enterprise AI agents, potentially creating a new growth avenue as AI adoption accelerates. Okta Launches Agent SSO For Enterprise AI Access
Positive Sentiment: Wall Street became more constructive: JPMorgan, Morgan Stanley, RBC, Oppenheimer, Truist, Needham and other firms raised price targets, with several targeting $190-$200 and maintaining buy or overweight ratings. Wells Fargo also upgraded the stock, citing signs that Okta’s growth strategy is improving. Okta Posts Q2 Beat, Analysts Raise Price Targets
Neutral Sentiment: Technical momentum is strong: OKTA moved above its 20-day and 50-day moving averages and reached a multiyear high. This supports a bullish trading trend but also leaves the stock more exposed to profit-taking after its rapid advance. Okta Recently Broke Out Above the 20-Day Moving Average
Negative Sentiment: Valuation and execution risks remain: With the stock near its 52-week high and trading at an elevated earnings multiple, the market is pricing in substantial future growth. Some analysts remain neutral, and commentary notes that AI security is still an early-stage opportunity rather than a major current revenue driver. Okta’s Buy Thesis Holds, But the Margin for Error Is Smaller
Negative Sentiment: AI also creates new threats: The rapid growth of AI-generated identities and agents could increase demand for Okta’s products, but it also introduces additional attack surfaces and security-complexity concerns that the company must successfully address. Okta’s AI Boom Just Created a New Security Problem

Okta Company Profile

(Get Free Report)

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.