Okta (OKTA) News Today

Shares of Okta, Inc. (NASDAQ:OKTA) are trading slightly lower today, as investors weigh a strong Q2 earnings beat and raised guidance against some cautious analyst outlooks. Below is a summary of the key developments driving OKTA’s price action:

• Positive Sentiment: Okta reported Q2 EPS of $0.91, topping Street estimates by $0.07, with revenue of $728 million up 12.7% year-over-year. Management also raised full-year 2026 guidance on both revenue and earnings growth. Okta Earnings, Revenue Top Estimates
• Positive Sentiment: Subscription revenue growth accelerated, driven by strong core gains, new identity solutions and rising public-sector demand, signaling further upside potential. OKTA's Subscription Revenue Growth Picks Up
• Positive Sentiment: Multiple brokerages—including Canaccord Genuity, Truist Financial, Barclays, RBC, Needham, Westpark, Guggenheim, DA Davidson and Cantor Fitzgerald—raised price targets or EPS forecasts and maintained Buy/Outperform ratings on OKTA.
• Positive Sentiment: Okta partnered with Peraton and the U.S. Department of Defense to support the myAuth initiative, highlighting strength in public-sector identity management. Peraton and Okta Partner with DoD in Support of myAuth
• Positive Sentiment: The company agreed to acquire Israeli startup Axiom Security to bolster its privileged access management offerings. Okta to acquire Israeli startup Axiom Security
• Neutral Sentiment: Okta’s Q2 2026 earnings call transcript was published, providing detailed commentary on strategic priorities and growth drivers. Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Zacks included Okta in its list of five top-ranked stocks with rising P/E ratios, underscoring its valuation trend. Bet on 5 Top-Ranked Stocks With Rising P/E
• Neutral Sentiment: Okta will present at upcoming investor conferences hosted by Citibank (Sept. 3) and Goldman Sachs (Sept. 9), offering further visibility into its roadmap. Investor Conferences Announcement
• Negative Sentiment: Bank of America reaffirmed an “Underperform” rating on OKTA with a $75 price target, citing valuation concerns amid competitive pressures. Underperform Rating from BofA
• Negative Sentiment: BMO Capital Markets trimmed its OKTA price target and maintained a Market Perform rating, reflecting caution over macro uncertainties. BMO Lowers Expectations