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Okta (OKTA) Stock Forecast & Price Target

$96.08
+2.83 (+3.03%)
(As of 07/12/2024 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

Consensus Price Target

$105.58
9.89% Upside
High Forecast$140.00
Average Forecast$105.58
Low Forecast$70.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Hold
Hold
Hold
Hold
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)
12 Buy rating(s)
11 Buy rating(s)
20 Buy rating(s)
Hold
19 Hold rating(s)
19 Hold rating(s)
20 Hold rating(s)
12 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$105.58$104.48$100.39$86.57
Forecasted Upside9.89% Upside20.12% Upside17.13% Upside18.55% Upside
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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
2.39
2.61
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside9.89% Upside299.60% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/25/2024Guggenheim
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 Reiterated RatingBuy ➝ Buy$130.00 ➝ $130.00+47.08%
6/17/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$125.00 ➝ $125.00+40.40%
6/3/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$110.00 ➝ $100.00+11.41%
5/30/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$105.00 ➝ $110.00+21.07%
5/30/2024UBS Group
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 Lower TargetBuy ➝ Buy$130.00 ➝ $120.00+33.42%
5/30/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$115.00 ➝ $110.00+20.76%
5/30/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$130.00 ➝ $130.00+34.91%
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%
5/17/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$105.00 ➝ $110.00+9.19%
2/29/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$90.00 ➝ $108.00+4.02%
2/29/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$110.00 ➝ $125.00+18.55%
2/29/2024Truist Financial
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 Reiterated RatingHold ➝ Hold$85.00 ➝ $105.00-1.45%
2/29/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$105.00 ➝ $120.00+12.63%
2/29/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$85.00 ➝ $110.00+26.00%
2/29/2024Westpark Capital
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 UpgradeHold ➝ Buy$140.00+60.37%
2/29/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$84.00 ➝ $114.00+30.58%
2/29/2024Canaccord Genuity Group
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 Boost TargetHold ➝ Hold$85.00 ➝ $95.00+8.82%
2/29/2024Bank of America
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 UpgradeUnderperform ➝ Buy$64.00 ➝ $135.00+54.64%
1/10/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$75.00 ➝ $85.00+1.77%
1/5/2024Jefferies Financial Group
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 Reiterated RatingBuy ➝ Hold$85.00 ➝ $95.00+13.95%
11/30/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$85.00 ➝ $80.00+16.38%
11/30/2023Scotiabank
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 DowngradeSector Outperform ➝ Sector Perform$74.00 ➝ $70.00-1.09%
11/30/2023KeyCorp
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 Reiterated RatingOverweight ➝ Sector Weight
11/30/2023Wells Fargo & Company
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 Reiterated RatingOverweight ➝ Equal Weight$80.00 ➝ $70.00-1.09%
11/30/2023TD Cowen
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 Reiterated RatingOutperform ➝ Market Perform$100.00 ➝ $74.00+4.56%
11/29/2023Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$100.00+43.74%
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%
8/31/2023DA Davidson
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 Boost TargetNeutral ➝ Neutral$75.00 ➝ $80.00+8.74%
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%
11/2/2022BTIG Research
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 Lower Target$117.00 ➝ $80.00+45.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:40 AM ET.

OKTA Forecast - Frequently Asked Questions

What is Okta's forecast for 2024?

According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Okta is $105.58, with a high forecast of $140.00 and a low forecast of $70.00.

Should I buy or sell Okta stock right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Okta in the last twelve months. There are currently 19 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.

Does Okta's stock price have much upside?

According to analysts, Okta's stock has a predicted upside of 21.33% based on their 12-month stock forecasts.

Has Okta been upgraded by Wall Street analysts recently?

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

What analysts cover Okta?
Do Wall Street analysts like Okta more than its competitors?

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 7/14/2024 by MarketBeat.com Staff

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