Okta's Financial Performance: Cybersecurity company Okta raised its annual revenue and profit forecasts, anticipating increased demand for its identity verification tools amid rising AI-powered cyber threats.
Stock Market Reaction: Following the announcement, Okta's shares rose nearly 7% in extended trading, reflecting positive investor sentiment.
Public Sector Demand: The company noted that five of its top ten deals in the second quarter were with public sector clients, including a significant contract with the Department of Defense.
Quarterly Results: In the second quarter, Okta reported a 13% revenue increase to $728 million, surpassing estimates, and an adjusted earnings per share (EPS) of 91 cents, also exceeding expectations.
OKTA
$88.42+Infinity%1D
Analyst Views on OKTA
Wall Street analysts forecast OKTA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OKTA is 120.93 USD with a low forecast of 75.00 USD and a high forecast of 145.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
33 Analyst Rating
Wall Street analysts forecast OKTA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OKTA is 120.93 USD with a low forecast of 75.00 USD and a high forecast of 145.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Buy
11 Hold
1 Sell
Moderate Buy
Current: 90.590
Low
75.00
Averages
120.93
High
145.00
Current: 90.590
Low
75.00
Averages
120.93
High
145.00
Jefferies
Joseph Gallo
Hold -> Buy
upgrade
$90 -> $125
2025-12-16
New
Reason
Jefferies
Joseph Gallo
Price Target
$90 -> $125
2025-12-16
New
upgrade
Hold -> Buy
Reason
Jefferies analyst Joseph Gallo upgraded Okta to Buy from Hold with a price target of $125, up from $90, as part of its 2026 software outlook. Okta has a "significant opportunity" as it attempts to build out a complete identity platform and capture growing agentic demand, the analyst tells investors in a research note. The firm believes the stock's value dislocation "has become too significant" as the company faces several fundamental catalysts in fiscal 2027 from improved execution, secular agentic tailwinds, and potential for positive estimate revisions.
BTIG
Gray Powell
Buy
downgrade
$142 -> $116
2025-12-03
Reason
BTIG
Gray Powell
Price Target
$142 -> $116
2025-12-03
downgrade
Buy
Reason
BTIG analyst Gray Powell lowered the firm's price target on Okta to $116 from $142 and keeps a Buy rating on the shares. The company's Q3 results were a "good print", trends are stabilizing, and Okta is seeing strong demand for new products, the analyst tells investors in a research note. The firm adds however that it is reducing its price target to reflect lower multiples across its industry coverage.
Citi
Fatima Boolani
Neutral
downgrade
$110 -> $100
2025-12-03
Reason
Citi
Fatima Boolani
Price Target
$110 -> $100
2025-12-03
downgrade
Neutral
Reason
Citi analyst Fatima Boolani lowered the firm's price target on Okta to $100 from $110 and keeps a Neutral rating on the shares post the fiscal Q3 report. The firm views the print as "respectable" but sees a lack of estimate upside limiting the stock's re-rating case.
Susquehanna
Shyam Patil
Neutral
downgrade
$105 -> $80
2025-12-03
Reason
Susquehanna
Shyam Patil
Price Target
$105 -> $80
2025-12-03
downgrade
Neutral
Reason
Susquehanna analyst Shyam Patil lowered the firm's price target on Okta to $80 from $105 and keeps a Neutral rating on the shares. The firm said they posted solid results as the company continues to see strong sales momentum. While they continue to view the company as a central player in IAM, with upside potential as it explores PAM and other adjacencies, they view the risk/reward as balanced at current levels.
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.
