Okta faces growth challenges amid declining revenue forecasts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
0mins
Should l Buy OKTA?
Source: NASDAQ.COM
Okta Inc's stock fell by 6.25% as it crossed below the 5-day SMA, reflecting investor concerns over its slowing revenue growth.
In fiscal year 2026, Okta reported a 12% year-over-year revenue increase, nearing $3 billion. However, its revenue growth forecast for 2027 has declined to 9%, raising concerns about its long-term investment appeal. This slowdown, coupled with a 30% drop in stock value over the past year, has led to discussions about whether Okta is undervalued compared to competitors like Zscaler, which is experiencing stronger growth and market adaptability.
The implications of these developments suggest that Okta may need to reassess its strategies to regain investor confidence and compete effectively in a rapidly evolving market, especially as it faces challenges from AI advancements.
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Analyst Views on OKTA
Wall Street analysts forecast OKTA stock price to rise
31 Analyst Rating
22 Buy
8 Hold
1 Sell
Moderate Buy
Current: 75.470
Low
75.00
Averages
114.03
High
145.00
Current: 75.470
Low
75.00
Averages
114.03
High
145.00
About OKTA
Okta, Inc. is an independent identity partner. The Company’s Okta Platform and Auth () Platform enable its customers to securely connect the right people to the right technologies and services at the right time. It offers independent and neutral cloud-based identity solutions that allow customers to integrate with nearly any application, service or cloud that they choose through its platforms. Organizations use the Company’s Identity Platform to collaborate with their partners, and to provide their customers with secure experiences in the cloud and via mobile devices. Developers leverage the Workforce Identity Cloud and Customer Identity Cloud, powered by Auth (), to securely and efficiently embed identity into the software they build, allowing them to innovate and focus on their core missions. Its Okta Platform enables its customers to automate and secure access across their ecosystem of employees, contractors and partners, increasing collaboration across their workforces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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