Okta - OKTA Stock Forecast, Price & News

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 1 sell rating, 14 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities 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.
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28 brokerages have issued twelve-month target prices for Okta's stock. Their OKTA share price forecasts range from $65.00 to $260.00. On average, they anticipate the company's stock price to reach $115.04 in the next year. This suggests a possible upside of 95.4% from the stock's current price.
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Okta's stock was trading at $224.17 on January 1st, 2022. Since then, OKTA stock has decreased by 73.7% and is now trading at $58.87.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
View our OKTA earnings forecast.

Okta, Inc. (NASDAQ:OKTA) posted its quarterly earnings results on Wednesday, August, 31st. The company reported ($1.19) EPS for the quarter, topping analysts' consensus estimates of ($1.41) by $0.22. The business earned $435.38 million during the quarter, compared to analysts' expectations of $430.66 million. Okta had a negative net margin of 57.21% and a negative trailing twelve-month return on equity of 13.18%. The business's revenue was up 43.6% on a year-over-year basis. During the same quarter last year, the business earned ($1.35) earnings per share.

Okta issued an update on its third quarter 2023 earnings guidance on Wednesday, September, 28th. The company provided earnings per share (EPS) guidance of -$0.25--$0.24 for the period, compared to the consensus estimate of -$0.28. The company issued revenue guidance of $463.00 million-$465.00 million, compared to the consensus revenue estimate of $463.99 million.

302 employees have rated Okta Chief Executive Officer Todd McKinnon on Glassdoor.com. Todd McKinnon has an approval rating of 95% among the company's employees. This puts Todd McKinnon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Okta investors own include NVIDIA (NVDA), Shopify (SHOP), Twilio (TWLO), Trade Desk (TTD), Block (SQ), Salesforce (CRM), PayPal (PYPL), Netflix (NFLX), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

(OKTA) raised $154 million in an IPO on Friday, April 7th 2017. The company issued 11,000,000 shares at a price of $13.00-$15.00 per share. Goldman, Sachs, J.P. Morgan Securities and Allen & Company acted as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Canaccord Genuity and JMP Securities were co-managers.

Okta trades on the NASDAQ under the ticker symbol "OKTA."

Shares of OKTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OKTA stock can currently be purchased for approximately $58.87.

Okta (NASDAQ:OKTA) has a market capitalization of $9.35 billion and generates $1.30 billion in revenue each year. The company earns $-848,410,000.00 in net income (profit) each year or ($5.90) on an earnings per share basis.

The company employs 5,030 workers across the globe.

Okta's mailing address is 100 FIRST STREET SUITE 600, SAN FRANCISCO CA, 94105. The official website for the company is www.okta.com. The company can be reached via phone at (888) 722-7871 or via email at investor@okta.com.