OKTA Price Prediction Next Week
Prediction and Recommendation for Okta (OKTA)
Based on the analysis of news sentiment and technical indicators, here is the prediction and recommendation for Okta (OKTA) for the next trading week:
News Sentiment and Analyst Upgrades:
- Okta has seen significant positive news, including a 24.26% price increase last week following strong Q4 results and multiple analyst upgrades. Analysts such as D.A. Davidson and Mizuho have raised their price targets, indicating strong confidence in the stock's future performance.
Technical Analysis:
- RSI (6): 72.11, indicating overbought conditions, suggesting potential short-term pullback.
- MACD (12,26,9): 4.41, showing bullish momentum.
- Fibonacci Levels: Pivot at 100.78, resistance at 112.27 and 119.37, support at 89.29 and 82.19.
Price Prediction and Recommendation:
- Predicted Price: $112
- Recommendation: Sell at $112 as the stock may face resistance and pull back.
Conclusion
Okta's stock is expected to reach $112 next week, where it may encounter resistance. It is advisable to sell at this level due to potential consolidation or pullback.
OKTA Similar Chart Price Prediction
The price of OKTA is predicted to go up -27.09%, based on the high correlation periods with ABOS. The similarity of these two price pattern on the periods is 97.36%.
OKTA
ABOS
Down: -27.09%Similarity: 97.36%
OKTA Revenue Forecast
OKTA EPS Forecast
OKTA FAQs
What is OKTA revenue forecast for next quarter？
What is OKTA eps forecast for next quarter？
OKTA VS S&P500
Okta has strong secular tailwinds behind its back as the IAM market is expected to grow rapidly.
With products targeting both customers and workforces, Okta has more than one landing point in a client's ecosystem and subsequently expanding the client's spending.
Okta has a big opportunity as it moves upmarket and targets larger, stickier clients. Additionally, the firm also has a big opportunity in the international markets.
OKTA Analyst's Forecast
Shyam Patil
Susquehanna
Hold
2025-03-04
Price Target
$95 → $105
Downside
-3.06%
Susquehanna raised the firm's price target on Okta to $105 from $95 and keeps a Neutral rating on the shares. The firm said OKTA posted solid results, driven by better than expected demand across its product portfolio as identity remains one of the key focus areas within security.
Adam Borg
Stifel
Strong Buy
2025-03-04
Price Target
$115 → $120
Upside
+10.79%
Joel Fishbein
Truist Securities
Hold
2025-03-04
Price Target
$92 → $100
Downside
-7.67%
