Okta - OKTA Stock Forecast, Price & News

38 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 4 sell ratings, 11 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OKTA shares.
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38 brokers have issued 1 year price objectives for Okta's shares. Their OKTA share price forecasts range from $45.00 to $120.00. On average, they predict the company's share price to reach $85.54 in the next twelve months. This suggests that the stock has a possible downside of 0.8%.
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Okta's stock was trading at $68.33 at the beginning of the year. Since then, OKTA shares have increased by 26.2% and is now trading at $86.24.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
View our OKTA earnings forecast.

Okta, Inc. (NASDAQ:OKTA) released its quarterly earnings results on Wednesday, March, 1st. The company reported ($0.70) earnings per share for the quarter, beating analysts' consensus estimates of ($0.81) by $0.11. The firm earned $510 million during the quarter, compared to analysts' expectations of $488.99 million. Okta had a negative trailing twelve-month return on equity of 12.53% and a negative net margin of 43.87%.

ETFs with the largest weight of Okta (NASDAQ:OKTA) stock in their portfolio include Global X Cybersecurity ETF (BUG), TrueShares Technology, AI & Deep Learning ETF (LRNZ), iShares Cybersecurity and Tech ETF (IHAK), WisdomTree Cybersecurity Fund (WCBR), ETFMG Prime Cyber Security ETF (HACK), ERShares Entrepreneurs ETF (ENTR), Sterling Capital Focus Equity ETF (LCG) and First Trust Lunt U.S. Factor Rotation ETF (FCTR).

Okta issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 1st. The company provided earnings per share (EPS) guidance of $0.11-$0.12 for the period, compared to the consensus earnings per share estimate of 0. The company issued revenue guidance of $509.00 million-$511.00 million, compared to the consensus revenue estimate of $497.94 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 initial public offering (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 $86.24.

Okta (NASDAQ:OKTA) has a market capitalization of $19.58 billion and generates $1.86 billion in revenue each year. The company earns $-815,000,000.00 in net income (profit) each year or ($5.17) on an earnings per share basis.

The company employs 6,013 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.