
Okta (OKTA) Stock Forecast & Price Target
Okta (OKTA) Analyst Ratings
Bulls say
Okta reported a revenue increase of 13% year-over-year, reaching $682 million, which surpassed both management's guidance and consensus expectations, highlighting the company’s robust performance. The firm's Customer Identity Cloud (OIG) customer base grew approximately 30% half-over-half, indicating significant demand for its products and potential for future revenue growth. Additionally, management revised its FY26 revenue growth forecast upwards to 9%-10%, reflecting confidence in improving execution, stabilizing macroeconomic conditions, and the introduction of new products which are expected to enhance growth and margins.
Bears say
Okta's stock outlook is negatively influenced by several fundamental factors, including lower-than-expected Interest and Other Income of $23 million, which fell short of the forecast. The company's reliance on subscription-based sales to large enterprises, which may prefer on-premise solutions, poses a risk amid potential economic slowdowns that could impact revenue estimates. Additionally, unresolved integration issues could lead to increased sales force attrition, further complicating Okta's go-to-market strategy as the company adjusts its initiatives to enhance performance.
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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