Stock Price & Analysis

Based on the analysis of OKTA's recent performance, strong earnings report, and positive analyst sentiment, it may be a good time to buy OKTA stock, especially if it dips. However, given the recent price drop and potential volatility, it's advisable to approach with caution.

OKTA stock is predicted to reach $120 by the end of 2025, driven by strong Q4 results and analyst upgrades. The stock is currently trading at $104.61 with a positive outlook due to better-than-expected earnings and guidance. Analysts have raised price targets, with some as high as $127, reflecting confidence in the company's growth.

The S1 support level for OKTA Stock is $91.57 ,The R1 resistant level for OKTA Stock is $114.55.

As of the end of day on 2025-03-13, the price of OKTA Stock was $107.

The target price for OKTA Stock according to analyst rating is 115.72, with the highest price target at 135.00 and the lowest at 75.00. Analysts have a Moderate Buy rating on OKTA Stock overall.

The market cap of OKTA is $18.5B.

Analysis and Insights

Okta's stock appears overvalued due to its high valuation multiples and decelerating growth trends.

1. Valuation Metrics: Okta's EV/EBITDA ratio of 93.42 and price-to-sales ratio of 6.45 are elevated compared to industry peers, suggesting a premium valuation.

2. Recent Performance: Despite strong Q4 results, with revenue of $682 million (13% YoY growth) and adjusted EPS of 78 cents, the stock has already surged 35% YTD, reflecting high expectations.

3. Growth Outlook: While Okta's Q1 guidance of $678-$680 million and FY26 revenue guidance of $2.85-$2.86 billion are above consensus, the company faces slowing workforce growth and macroeconomic headwinds.

4. Analyst Sentiment: While multiple analysts have raised price targets, the stock's current price reflects optimism about future growth, which may not materialize if demand slows.

5. Conclusion: Okta's strong execution and market leadership are offset by its rich valuation, making it appear overvalued at current levels.

Okta, Inc. is an independent identity provider company. The Company's Okta Identity Platform is an independent and neutral cloud-based identity solution that allows its customers to integrate with nearly any application, service or cloud that they choose through its secure platform and cloud infrastructure. Its Workforce Identity Cloud is used as the central system for an organization’s connectivity, access, authentication and identity lifecycle management needs spanning all of its users, technology and applications. Its Workforce Identity products include Universal Directory, Single Sign-On, Adaptive Multi-Factor Authentication, Lifecycle Management, API Access Management, Access Gateway, Advanced Server Access and Okta Identity Governance. The Company’s Customer Identity products include Universal Login, Attack Protection, Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections.

OKTA stock is predicted to reach $300 by 2030, driven by its strong position in the identity security market and increasing demand for cybersecurity solutions. The company's ability to maintain double-digit growth and expand its product offerings supports this outlook. Analysts expect continued momentum due to Okta's leadership in the $80 billion identity security market.

OKTA has a total of 5908 employees.