Should I Buy OKTA? OKTA 2026 Analysis

Should You Buy Okta Inc (OKTA) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

85.690

1 Day change

-5.57%

52 Week Range

127.570

Analysis Updated At

2026/01/26

Okta Inc (OKTA) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown financial growth and has potential catalysts in the form of AI adoption and product expansion, the technical indicators are bearish, options sentiment is mixed, and there is no recent AI Stock Pick or SwingMax signal. Additionally, analysts' ratings are mixed, with price targets reflecting both optimism and caution. Given the user's impatience and unwillingness to wait for optimal entry points, holding off on buying until clearer bullish signals emerge is recommended.

Technical Analysis

The technical indicators for OKTA are bearish. The MACD histogram is negative, RSI is neutral at 50.866, and moving averages indicate a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading below the pivot level of 91.977, with key support at 88.033 and resistance at 95.922. This suggests limited upward momentum in the short term.

Options Data

Bullish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

The options data shows a mixed sentiment. The Open Interest Put-Call Ratio of 0.79 indicates more call interest, while the Option Volume Put-Call Ratio of 1.37 suggests higher put volume, reflecting cautious sentiment. Implied volatility is high at 64.41, with an IV percentile of 85.2, indicating elevated uncertainty.

Technical Summary

Sell

Buy

Positive Catalysts

Analysts highlight potential growth opportunities with Auth0 and AI adoption.
Financial performance in Q3 2026 shows strong YoY growth in revenue (11.58%) and net income (168.75%).
Improving sales execution and product expansion efforts noted by analysts.

Neutral/Negative Catalysts

Bearish technical indicators and lack of upward momentum.
Mixed analyst ratings, with some firms lowering price targets and expressing caution.
No recent news or significant trading trends from hedge funds, insiders, or Congress.
Options sentiment reflects caution with higher put volume.

Financial Performance

In Q3 2026, Okta reported revenue growth of 11.58% YoY to $742M, net income growth of 168.75% YoY to $43M, and stable EPS at $0.25. Gross margin improved slightly to 77.09%. These results indicate strong financial performance and operational efficiency.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analyst ratings are mixed. RBC Capital raised its price target to $108 with an Outperform rating, citing AI tailwinds. Piper Sandler raised its target to $100 but maintains a Neutral rating. Jefferies upgraded the stock to Buy with a $125 target, citing growth opportunities. However, firms like Susquehanna and BMO Capital lowered their targets, citing balanced risk/reward and sector multiple compression. The consensus reflects cautious optimism with a range of price targets.

31 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 114.03 USD with a low forecast of 75 USD and a high forecast of 145 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.

22 Buy

8 Hold

1 Sell

Moderate Buy

Current: 90.740

Low

Averages

114.03

High

145

Current: 90.740

Low

Averages

114.03

High

145

RBC Capital

Matthew Hedberg

Outperform

maintain

$97 -> $108

AI Analysis

2026-01-05

Reason

RBC Capital

Matthew Hedberg

Price Target

$97 -> $108

AI Analysis

2026-01-05

maintain

Outperform

Reason

RBC Capital analyst Matthew Hedberg raised the firm's price target on Okta to $108 from $97 and keeps an Outperform rating on the shares. 2026 is likely to be a year when AI tailwinds become more evident for companies well positioned for enterprise AI adoption, while less prepared peers may remain pressured by the "AI is the death of software" narrative, the analyst tells investors in a research note. Enterprise spending appears to be stabilizing and improving in select areas, with GenAI driving innovation even as management teams remain conservative in early 2026 guidance, the firm says.

Piper Sandler

Neutral

maintain

$95 -> $100

2026-01-05

Reason

Piper Sandler

Price Target

$95 -> $100

2026-01-05

maintain

Neutral

Reason

Piper Sandler raised the firm's price target on Okta to $100 from $95 and keeps a Neutral rating on the shares. The firm says 2025 proved to be a tough year for its Security & Infrastructure Software coverage, with the average name showing negative performance and only four names outperforming the NASDAQ. Piper is cautiously optimistic for a better year in 2026, with many names entering the year at interesting valuation levels setup well to be longer-term GenAI winners, despite monetization at the software layer not yet occurring at scale.

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OKTA Should I Buy

OKTA Should I Buy

Should You Buy Okta Inc (OKTA) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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