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Okta (OKTA) Stock Forecast & Price Target

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$91.78
-1.93 (-2.06%)
(As of 12:15 PM ET)
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Okta Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 30 Analyst Ratings

Analysts' Consensus Price Target

$100.39
9.38% Upside
High Forecast$140.00
Average Forecast$100.39
Low Forecast$70.00
TypeCurrent Forecast
4/20/23 to 4/19/24		1 Month Ago
3/21/23 to 3/20/24		3 Months Ago
1/20/23 to 1/20/24		1 Year Ago
4/20/22 to 4/20/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
11 Buy rating(s)
11 Buy rating(s)
24 Buy rating(s)
Hold
20 Hold rating(s)
20 Hold rating(s)
20 Hold rating(s)
10 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$100.39$100.39$87.88$87.16
Predicted Upside9.38% Upside17.13% Upside17.29% Upside21.16% Upside
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OKTA Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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OKTA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Okta Stock vs. The Competition

TypeOktaComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.33
2.58
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside7.90% Upside113.29% Upside11.71% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/4/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$70.00 ➝ $115.00+6.00%
2/29/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$95.00 ➝ $125.00+20.39%
2/29/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetIn-Line ➝ In-Line$70.00 ➝ $102.00-1.76%
2/29/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$90.00 ➝ $108.00+4.02%
2/29/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$110.00 ➝ $125.00+18.55%
2/29/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingHold ➝ Hold$85.00 ➝ $105.00-1.45%
2/29/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$105.00 ➝ $120.00+12.63%
2/29/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$90.00 ➝ $105.00-1.45%
2/29/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$85.00 ➝ $110.00+26.00%
2/29/2024Westpark Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$140.00+60.37%
2/29/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$84.00 ➝ $114.00+30.58%
2/29/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold ➝ Hold$85.00 ➝ $95.00+8.82%
2/29/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$80.00 ➝ $110.00+26.00%
2/29/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderperform ➝ Buy$64.00 ➝ $135.00+54.64%
2/26/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$74.00 ➝ $88.00+5.72%
1/10/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$75.00 ➝ $85.00+1.77%
1/5/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Hold$85.00 ➝ $95.00+13.95%
11/30/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$85.00 ➝ $80.00+16.38%
11/30/2023Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$90.00+27.17%
11/30/2023Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeSector Outperform ➝ Sector Perform$74.00 ➝ $70.00-1.09%
11/30/2023KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Sector Weight
11/30/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Equal Weight$80.00 ➝ $70.00-1.09%
11/30/2023TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Market Perform$100.00 ➝ $74.00+4.56%
11/29/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$100.00+43.74%
11/28/2023Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$100.00+42.29%
11/27/2023JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageMarket Perform
8/31/2023Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingEqual Weight ➝ Equal Weight$90.00+9.45%
8/31/2023Macquarie
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$83.00 ➝ $85.00+15.54%
8/31/2023DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$75.00 ➝ $80.00+8.74%
8/21/2023Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$96.00+32.80%
6/1/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$100.00 ➝ $95.00+4.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:31 PM ET.

OKTA Price Target - Frequently Asked Questions

What is Okta's consensus rating and price target?

According to the issued ratings of 30 analysts in the last year, the consensus rating for Okta stock is Hold based on the current 20 hold ratings and 10 buy ratings for OKTA. The average twelve-month price prediction for Okta is $100.39 with a high price target of $140.00 and a low price target of $70.00. Learn more on OKTA's analyst rating history.

Do Wall Street analysts like Okta more than its competitors?

Analysts like Okta less than other Computer and Technology companies. The consensus rating for Okta is Hold while the average consensus rating for computer and technology companies is Moderate Buy. Learn more on how OKTA compares to other companies.

Is Okta being upgraded by Wall Street analysts?

Over the previous 90 days, Okta's stock had 2 upgrades by analysts.

Does Okta's stock price have much upside?

According to analysts, Okta's stock has a predicted upside of 16.87% based on their 12-month stock forecasts.

What analysts cover Okta?

Okta has been rated by Bank of America, BMO Capital Markets, Canaccord Genuity Group, Evercore ISI, JPMorgan Chase & Co., Mizuho, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Sanford C. Bernstein, Susquehanna, The Goldman Sachs Group, Truist Financial, and Westpark Capital in the past 90 days.


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This page (NASDAQ:OKTA) was last updated on 4/19/2024 by MarketBeat.com Staff

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