Okta (NASDAQ:OKTA) Stock Price Expected to Rise, Mizuho Analyst Says

Key Points

• Mizuho raised its price target on Okta from $100 to $110 and kept an “outperform” rating, implying about 16% upside from the current share price. Several other analysts also remain bullish, with the consensus rating still at Moderate Buy.
• Okta beat fiscal Q1 earnings and revenue estimates, reporting EPS of $0.91 versus $0.85 expected and revenue of $765 million versus $751.84 million expected. Revenue also grew 11.2% year over year, showing solid execution.
• Management guided above consensus, issuing Q2 EPS guidance of $0.95 to $0.97 and FY 2027 EPS guidance of $3.79 to $3.87. The stronger outlook, along with interest in Okta’s AI-driven identity management opportunity, has helped lift analyst sentiment.

Okta (NASDAQ:OKTA - Get Free Report) had its target price upped by equities research analysts at Mizuho from $100.00 to $110.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's target price suggests a potential upside of 16.13% from the company's current price.

A number of other equities research analysts have also recently weighed in on OKTA. Needham & Company LLC upped their price objective on Okta from $90.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday. Zacks Research cut Okta from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $134.00 price target on shares of Okta in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Okta from $85.00 to $80.00 and set a "hold" rating on the stock in a report on Thursday, March 5th. Finally, Piper Sandler cut their price objective on shares of Okta from $100.00 to $82.00 and set a "neutral" rating on the stock in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Okta presently has a consensus rating of "Moderate Buy" and an average price target of $105.15.

Okta Price Performance

Shares of NASDAQ OKTA opened at $94.72 on Friday. The stock has a market capitalization of $16.76 billion, a P/E ratio of 72.31, a price-to-earnings-growth ratio of 3.49 and a beta of 0.59. Okta has a 1-year low of $62.66 and a 1-year high of $107.84. The business has a fifty day moving average price of $79.01 and a 200 day moving average price of $82.69.

Okta (NASDAQ:OKTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.06. The firm had revenue of $765.00 million during the quarter, compared to analysts' expectations of $751.84 million. Okta had a return on equity of 4.18% and a net margin of 8.05%.The firm's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. As a group, equities research analysts anticipate that Okta will post 1.61 earnings per share for the current fiscal year.

Insider Transactions at Okta

In other news, CRO Jonathan James Addison sold 23,304 shares of the firm's stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $77.79, for a total value of $1,812,818.16. Following the completion of the transaction, the executive directly owned 4,364 shares in the company, valued at $339,475.56. This trade represents a 84.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Schellhase acquired 3,712 shares of Okta stock in a transaction dated Thursday, April 16th. The stock was purchased at an average price of $72.04 per share, with a total value of $267,412.48. Following the completion of the purchase, the director owned 3,712 shares of the company's stock, valued at approximately $267,412.48. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 70,884 shares of company stock valued at $5,625,648. 4.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Spire Wealth Management lifted its stake in shares of Okta by 30.8% in the fourth quarter. Spire Wealth Management now owns 505 shares of the company's stock worth $44,000 after acquiring an additional 119 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Okta by 10.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company's stock worth $105,000 after acquiring an additional 129 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Okta by 6.4% in the third quarter. Allworth Financial LP now owns 2,251 shares of the company's stock worth $206,000 after acquiring an additional 135 shares in the last quarter. Choreo LLC lifted its stake in shares of Okta by 2.0% in the third quarter. Choreo LLC now owns 7,239 shares of the company's stock worth $664,000 after acquiring an additional 140 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its stake in Okta by 2.8% during the first quarter. SteelPeak Wealth LLC now owns 5,166 shares of the company's stock valued at $407,000 after buying an additional 140 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Okta reported fiscal Q1 2027 results that beat estimates on both earnings and revenue, with EPS of $0.91 versus $0.85 expected and revenue of $765 million versus $751.8 million expected. The company also highlighted stronger operating performance and 11.2% year-over-year revenue growth. Okta earnings report
• Positive Sentiment: Management issued guidance above consensus, including Q2 EPS guidance of $0.95 to $0.97 and FY 2027 EPS guidance of $3.79 to $3.87, signaling confidence in continued execution and margin improvement. Okta press release
• Positive Sentiment: Analysts turned more constructive after the report, with JPMorgan raising its price target to $114, Citi lifting its target to $105, Robert W. Baird raising its target to $140, and William Blair reiterating a Buy rating on improving enterprise momentum and AI-driven growth potential. Citi target lift article
• Positive Sentiment: Investors are also focused on Okta’s AI-agent identity management opportunity, which management said is creating additional demand for its security tools and could expand the company’s long-term growth runway. CNBC earnings article
• Neutral Sentiment: Some commentary pointed to valuation as a reason for caution, with Citi keeping a Hold rating despite better execution, suggesting the stock may need continued fundamental progress to justify further upside. Citi hold/target article

Okta Company Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta's offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.

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