NASDAQ:OKTA

Okta - OKTA Price Target & Analyst Ratings

$84.24

+0.41 (+0.49%)

(As of 03/20/2023 12:00 AM ET)

Add

Compare

Today's Range: $82.31
▼
$84.48
50-Day Range: $64.90
▼
$85.96
52-Week Range: $44.12
▼
$176.18

Volume: 1.79 million shs
Average Volume: 2.80 million shs
Market Capitalization: $19.12 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $85.32

Institutional Ownership

Okta Consensus Rating and Price Target (2023)

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 Analyst Rating

Hold
Based on 39 Analyst Ratings

Consensus Analyst Price Target

$85.32
1.29% Upside

High Prediction	$120.00
Average Prediction	$85.32
Low Prediction	$45.00

Type	Current 3/20/22 to 3/20/23	1 Month Ago 2/18/22 to 2/18/23	3 Months Ago 12/20/21 to 12/20/22	1 Year Ago 3/20/21 to 3/20/22
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	23 Buy rating(s)	21 Buy rating(s)	16 Buy rating(s)	22 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	15 Hold rating(s)	5 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$85.32	$82.83	$86.44	$248.15
Predicted Upside	1.29% Upside	23.11% Upside	29.07% Upside	25.29% Upside

Get Okta Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for OKTA and its competitors with MarketBeat's FREE daily newsletter.

OKTA Analyst Ratings 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.

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.

Okta Stock vs. The Competition

Type	Okta	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.49	2.54	2.47
Consensus Rating	Hold	Buy	Hold
Predicted Upside	1.29% Upside	277.44% Upside	23.18% Upside
News Sentiment Rating	Neutral News	Neutral News	Neutral News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/17/2023	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$120.00	+42.25%
3/3/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$70.00 ➝ $87.00	+1.22%
3/2/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$90.00 ➝ $95.00	+21.14%
3/2/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$60.00 ➝ $75.00	-4.21%
3/2/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$90.00 ➝ $100.00	+28.49%
3/2/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$90.00 ➝ $100.00	+30.41%

3/2/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$70.00 ➝ $85.00	+10.85%
3/2/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$76.00 ➝ $98.00	+21.18%
3/2/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$90.00 ➝ $100.00	+39.98%
3/2/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$60.00 ➝ $80.00	+11.98%
3/2/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform	$71.00 ➝ $85.00	+18.98%
3/2/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$95.00 ➝ $100.00	+39.98%
3/2/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$80.00 ➝ $94.00	+31.58%
3/2/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$70.00 ➝ $100.00	+39.98%
3/2/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$85.00 ➝ $95.00	+32.98%
3/2/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform	$105.00 ➝ $110.00	+53.98%
3/2/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$90.00 ➝ $95.00	+32.98%
3/2/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$70.00 ➝ $84.00	+17.58%
3/2/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$80.00 ➝ $92.00	+28.78%
2/28/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$65.00 ➝ $70.00	-2.29%
2/24/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$80.00 ➝ $85.00	+20.57%
2/14/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$70.00	-7.36%
2/13/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$64.00	-16.22%
1/23/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$80.00 ➝ $90.00	+31.00%
1/18/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$90.00	+28.39%
1/4/2023	Sumitomo Mitsui Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$90.00	+29.40%
12/14/2022	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$86.00	+21.28%
12/13/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$70.00	+2.20%
12/2/2022	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$70.00	+7.56%
11/11/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$100.00 ➝ $70.00	+42.13%
11/2/2022	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$117.00 ➝ $80.00	+45.45%
11/2/2022	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$60.00	+9.09%
10/19/2022	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$92.00	+67.73%
10/6/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$45.00	-24.36%
9/15/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$90.00	+48.03%
6/2/2022	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Nandury Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
3/23/2022	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
9/2/2021	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
9/2/2021	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$290.00 ➝ $310.00	+17.09%
7/2/2021	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold

6/24/2021	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$282.00	+16.29%
12/3/2020	Pritchard Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$266.00 ➝ $295.00	+28.14%

(Data available from 3/20/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

OKTA Price Target - Frequently Asked Questions

What is Okta's consensus rating and price target?: According to the issued ratings of 39 analysts in the last year, the consensus rating for Okta stock is Hold based on the current 4 sell ratings, 12 hold ratings and 23 buy ratings for OKTA. The average twelve-month price prediction for Okta is $85.32 with a high price target of $120.00 and a low price target of $45.00. Learn more on OKTA's analyst rating history.
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 Buy. Learn more on how OKTA compares to other companies.
Is Okta being upgraded by Wall Street analysts?: Over the previous 90 days, Okta's stock had 3 upgrades by analysts.

Does Okta's stock price have much upside?: According to analysts, Okta's stock has a predicted upside of 21.48% based on their 12-month price targets.
What analysts cover Okta?: Okta has been rated by Bank of America, BMO Capital Markets, Canaccord Genuity Group, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, JMP Securities, JPMorgan Chase & Co., KeyCorp, Mizuho, Moffett Nathanson, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, Stephens, Stifel Nicolaus, Sumitomo Mitsui Financial Group, TD Cowen, The Goldman Sachs Group, Truist Financial, Wells Fargo & Company, and Westpark Capital in the past 90 days.

Stock Ratings Reports and Tools

Today's Ratings:

Top Rated Stocks:

More Ratings Tools:

Ratings for Popular Stocks:

This page (NASDAQ:OKTA) was last updated on 3/20/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial