
Okta (OKTA) Stock Forecast & Price Target
Okta (OKTA) Analyst Ratings
Bulls say
Okta demonstrated a robust financial performance with total revenue growth of 11.6% year-over-year, exceeding market expectations, while total contract value generated from AWS Marketplace grew over 45% in FY26 to approximately $750 million, highlighting the firm’s strong partner-related revenue drivers. The company's successful go-to-market (GTM) execution resulted in a record total contract value of nearly $1.3 billion in Q4 and an increase in the number of high-value customers, reaching 5,100 customers with over $100K in annual contract value, a 6.3% year-over-year increase. Additionally, the identity and access management market is projected to grow at a compound annual growth rate of 18% over the next five years, positioning Okta favorably for future growth opportunities amid a healthy demand environment.
Bears say
Okta has been experiencing a decline in revenue growth since early 2022, which has resulted in the company trading at a significant discount compared to its cybersecurity peers. With the impending compression of operating margins anticipated for FY27, alongside guidance indicating total revenue and non-GAAP operating income below consensus expectations, the company faces challenges in maintaining profitability. Additionally, the competitive landscape is shifting towards AI-native disruptors and platform-based competition, representing structural headwinds that could hinder Okta's growth prospects.
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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