
Okta (OKTA) Stock Forecast & Price Target
Okta (OKTA) Analyst Ratings
Bulls say
Okta's management has reported improved sales productivity and performance from partners, instilling confidence in their plan to increase sales headcount, which bodes well for future revenue growth. The company's current remaining performance obligations (cRPO) and total remaining performance obligations (RPO) have shown significant year-over-year growth, exceeding consensus estimates, which reflects strong demand for its identity and access management solutions. Additionally, Okta's forecast for a free cash flow margin increase indicates better operational efficiency and profitability, enhancing the company's overall financial outlook.
Bears say
Okta's guidance for the fourth fiscal quarter indicates a year-over-year revenue growth of only 9%, falling short of market expectations, which raises concerns about the company's ability to meet projected growth targets. The reliance on large enterprises that may prefer traditional on-premise solutions complicates Okta’s exclusively subscription-based model, potentially limiting its customer base and leading to volatility in new deal closures. Additionally, external risks such as economic slowdowns, heightened competition, and the potential impact of customer data breaches further cloud Okta's growth prospects and overall market position.
This aggregate rating is based on analysts' research of Okta and is not a guaranteed prediction by Public.com or investment advice.
Okta (OKTA) Analyst Forecast & Price Prediction
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