Okta (OKTA) Stock Forecast & Price Target

$93.48

+0.37 (+0.40%)

(As of 07/26/2024 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

Hold
Based on 31 Analyst Ratings

Based on 31 Wall Street analysts who have issued ratings for Okta in the last 12 months, the stock has a consensus rating of "Hold." Out of the 31 analysts, 19 have given a hold rating, and 12 have given a buy rating for OKTA.

Consensus Price Target

$105.58
12.94% Upside

High Forecast	$140.00
Average Forecast	$105.58
Low Forecast	$70.00

According to the 31 analysts' twelve-month price targets for Okta, the average price target is $105.58. The highest price target for OKTA is $140.00, while the lowest price target for OKTA is $70.00. The average price target represents a forecasted upside of 12.94% from the current price of $93.48.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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)	10 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	$105.58	$100.39	$86.57
Forecasted Upside	12.94% Upside	21.33% Upside	16.87% Upside	18.55% 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.

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	2.39	2.61	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	12.94% Upside	554.05% Upside	9.09% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock 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
6/25/2024	Guggenheim 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$130.00 ➝ $130.00	+47.08%
6/17/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$125.00 ➝ $125.00	+40.40%
6/3/2024	BMO Capital Markets 3 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$110.00 ➝ $100.00	+11.41%
5/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$105.00 ➝ $110.00	+21.07%
5/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$130.00 ➝ $120.00	+33.42%
5/30/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$115.00 ➝ $110.00	+20.76%
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5/30/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$130.00 ➝ $130.00	+34.91%
5/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Levine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$102.00 ➝ $122.00	+26.61%
5/29/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$130.00 ➝ $130.00	+35.21%
5/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$105.00 ➝ $110.00	+9.19%
2/29/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $108.00	+4.02%
2/29/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$110.00 ➝ $125.00	+18.55%
2/29/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Hold	$85.00 ➝ $105.00	-1.45%
2/29/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $120.00	+12.63%
2/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$85.00 ➝ $110.00	+26.00%
2/29/2024	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$140.00	+60.37%
2/29/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$84.00 ➝ $114.00	+30.58%
2/29/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$85.00 ➝ $95.00	+8.82%
2/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Buy	$64.00 ➝ $135.00	+54.64%
1/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$75.00 ➝ $85.00	+1.77%
1/5/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$85.00 ➝ $95.00	+13.95%
11/30/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $80.00	+16.38%
11/30/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Sector Perform	$74.00 ➝ $70.00	-1.09%
11/30/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Sector Weight
11/30/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Equal Weight	$80.00 ➝ $70.00	-1.09%
11/30/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform	$100.00 ➝ $74.00	+4.56%
11/29/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$100.00	+43.74%
11/27/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
8/31/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$90.00	+9.45%
8/31/2023	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$83.00 ➝ $85.00	+15.54%
8/31/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$75.00 ➝ $80.00	+8.74%
3/2/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform	$71.00 ➝ $85.00	+18.98%
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%
1/4/2023	Sumitomo Mitsui Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$90.00	+29.40%
12/13/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$70.00	+2.20%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:56 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 year. 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?: Okta has been rated by research analysts at BMO Capital Markets, Evercore ISI, Guggenheim, JPMorgan Chase & Co., Mizuho, Needham & Company LLC, Royal Bank of Canada, Susquehanna, UBS Group, and Wedbush in the past 90 days.
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.