Okta Stock Forecast, Price & News

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Okta stock.
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26 analysts have issued 1 year target prices for Okta's stock. Their OKTA stock forecasts range from $115.00 to $310.00. On average, they predict Okta's stock price to reach $176.81 in the next twelve months. This suggests a possible upside of 84.2% from the stock's current price.
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Okta's stock was trading at $224.17 at the beginning of 2022. Since then, OKTA stock has decreased by 57.2% and is now trading at $95.98.
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Okta is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
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Okta, Inc. (NASDAQ:OKTA) posted its quarterly earnings data on Thursday, June, 2nd. The company reported ($1.36) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.37) by $0.01. The firm had revenue of $414.94 million for the quarter, compared to analysts' expectations of $388.77 million. Okta had a negative net margin of 67.06% and a negative trailing twelve-month return on equity of 13.13%. Okta's quarterly revenue was up 65.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.59) EPS.
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Okta updated its second quarter 2023 earnings guidance on Thursday, June, 30th. The company provided earnings per share (EPS) guidance of -$0.32--$0.31 for the period, compared to the consensus earnings per share estimate of -$0.33. The company issued revenue guidance of $428.00 million-$430.00 million, compared to the consensus revenue estimate of $422.25 million.

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

Some companies that are related to Okta include Dassault Systèmes (DASTY), VMware (VMW), Synopsys (SNPS), Snowflake (SNOW), CrowdStrike (CRWD), Cadence Design Systems (CDNS), Shopify (SHOP), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), Datadog (DDOG), Veeva Systems (VEEV), Atlassian (TEAM), ANSYS (ANSS) and Roblox (RBLX).
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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), Square (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 $13.00-$15.00 per share. Goldman, Sachs, J.P. Morgan Securities and Allen & Company served 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 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 $95.98.

Okta (NASDAQ:OKTA) has a market capitalization of $15.14 billion and generates $1.30 billion in revenue each year. The company earns $-848.41 million in net income (profit) each year or ($6.39) on an earnings per share basis.

Okta employs 5,030 workers across the globe.

Okta was founded in 2009.

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