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Okta (OKTA) Stock Forecast & Price Target

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$71.89
-0.51 (-0.70%)
(As of 10/31/2024 ET)

Okta - Analysts' Recommendations 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.

Consensus Rating

Sell
1
Hold
17
Buy
12

Based on 30 Wall Street analysts who have issued ratings for Okta in the last 12 months, the stock has a consensus rating of "Hold." Out of the 30 analysts, 1 has given a sell rating, 17 have given a hold rating, and 12 have given a buy rating for OKTA.

Consensus Price Target

$98.96
37.66% Upside
According to the 30 analysts' twelve-month price targets for Okta, the average price target is $98.96. The highest price target for OKTA is $140.00, while the lowest price target for OKTA is $74.00. The average price target represents a forecasted upside of 37.66% from the current price of $71.89.
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OKTA Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
11 Buy rating(s)
12 Buy rating(s)
21 Buy rating(s)
Hold
17 Hold rating(s)
17 Hold rating(s)
19 Hold rating(s)
11 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$98.96$104.62$105.58$90.22
Forecasted Upside37.66% Upside44.15% Upside21.79% Upside31.27% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

OKTA Analyst Recommendations 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
2.37
2.67
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside37.66% Upside624.20% Upside10.62% Upside
News Sentiment Rating
Positive News

See Recent OKTA News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/22/2024The Goldman Sachs Group
2 of 5 stars
 Lower TargetBuy ➝ Buy$113.00 ➝ $97.00+31.17%
10/18/2024Robert W. Baird
2 of 5 stars
 Lower TargetOutperform ➝ Outperform$105.00 ➝ $95.00+26.95%
10/18/2024Canaccord Genuity Group
1 of 5 stars
Richard Davis
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Lower TargetHold ➝ Hold$90.00 ➝ $82.00+9.92%
10/17/2024DA Davidson
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 Lower TargetNeutral ➝ Neutral$85.00 ➝ $75.00-0.35%
10/17/2024BTIG Research
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 Lower TargetBuy ➝ Buy$128.00 ➝ $98.00+30.41%
10/17/2024Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$90.00 ➝ $80.00+7.12%
10/17/2024Mizuho
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Gregg Moskowitz
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Lower TargetNeutral ➝ Neutral$104.00 ➝ $92.00+22.98%
10/17/2024Truist Financial
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 Lower TargetHold ➝ Hold$95.00 ➝ $80.00+6.94%
10/17/2024Royal Bank of Canada
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Matthew Hedberg
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Lower TargetOutperform ➝ Outperform$125.00 ➝ $101.00+33.23%
10/17/2024Needham & Company LLC
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 Initiated CoverageBuy$100.00+32.07%
10/17/2024Piper Sandler
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Rob Owens
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Lower TargetNeutral ➝ Neutral$100.00 ➝ $85.00+12.26%
9/24/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$100.00 ➝ $85.00+11.70%
9/5/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$110.00 ➝ $85.00+13.45%
8/29/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$115.00 ➝ $110.00+36.14%
8/29/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$122.00 ➝ $108.00+35.85%
8/29/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$110.00 ➝ $105.00+33.52%
8/29/2024UBS Group
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 Lower TargetBuy ➝ Buy$120.00 ➝ $108.00+28.57%
8/29/2024Westpark Capital
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 Reiterated RatingBuy ➝ Buy$140.00 ➝ $140.00+66.67%
8/29/2024Scotiabank
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 Lower TargetSector Perform ➝ Sector Perform$104.00 ➝ $92.00+9.52%
8/29/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$100.00 ➝ $103.00+6.69%
8/29/2024Bank of America
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 DowngradeBuy ➝ Underperform$135.00 ➝ $75.00-22.31%
6/25/2024Guggenheim
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 Reiterated RatingBuy ➝ Buy$130.00 ➝ $130.00+47.08%
5/30/2024Evercore ISI
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P. Levine
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UpgradeIn-Line ➝ Outperform$102.00 ➝ $122.00+26.61%
5/29/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$130.00 ➝ $130.00+35.21%
2/29/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$110.00 ➝ $125.00+18.55%
2/29/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$84.00 ➝ $114.00+30.58%
11/30/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$85.00 ➝ $80.00+16.38%
11/30/2023KeyCorp
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 Reiterated RatingOverweight ➝ Sector Weight
11/30/2023TD Cowen
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 Reiterated RatingOutperform ➝ Market Perform$100.00 ➝ $74.00+4.56%
11/27/2023JMP Securities
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 Initiated CoverageMarket Perform
8/31/2023Stephens
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 Reiterated RatingEqual Weight ➝ Equal Weight$90.00+9.45%
8/31/2023Macquarie
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 Boost TargetNeutral ➝ Neutral$83.00 ➝ $85.00+15.54%
3/2/2023Moffett Nathanson
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 Boost TargetUnderperform$71.00 ➝ $85.00+18.98%
1/23/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy$80.00 ➝ $90.00+31.00%
1/4/2023Sumitomo Mitsui Financial Group
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 Initiated CoverageOutperform$90.00+29.40%
12/13/2022Cowen
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 Initiated CoverageMarket Perform$70.00+2.20%
11/11/2022Wolfe Research
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 Lower TargetOutperform$100.00 ➝ $70.00+42.13%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:49 PM ET.


OKTA Forecast - Frequently Asked Questions

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Okta is $98.96, with a high forecast of $140.00 and a low forecast of $74.00.

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There is currently 1 sell rating, 17 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" OKTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKTA, but not buy additional shares or sell existing shares.

According to analysts, Okta's stock has a predicted upside of 37.66% based on their 12-month stock forecasts.

Over the previous 90 days, Okta's stock had 1 downgrade by analysts.

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.


This page (NASDAQ:OKTA) was last updated on 10/31/2024 by MarketBeat.com Staff
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