Okta (NASDAQ:OKTA) Price Target Raised to $200.00

Okta (NASDAQ:OKTA) had its price objective upped by Robert W. Baird from $185.00 to $200.00 in a report issued on Tuesday, MarketBeat reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently commented on the company. Wall Street Zen raised Okta from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. JPMorgan Chase & Co. increased their price objective on Okta from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. DA Davidson raised their target price on shares of Okta from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Berenberg Bank lifted their target price on shares of Okta from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Raymond James Financial upped their price target on shares of Okta from $115.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Okta currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.69.

Okta Trading Up 0.6%

Shares of NASDAQ:OKTA opened at $206.64 on Tuesday. The stock’s 50-day moving average price is $157.70 and its 200-day moving average price is $119.26. Okta has a 12-month low of $62.66 and a 12-month high of $212.50. The stock has a market capitalization of $36.12 billion, a P/E ratio of 124.48, a price-to-earnings-growth ratio of 6.12 and a beta of 0.79.

Okta (NASDAQ:OKTA) last released its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.96 by $0.09. Okta had a return on equity of 4.50% and a net margin of 9.63%.The firm had revenue of $805.00 million for the quarter, compared to the consensus estimate of $793.00 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. As a group, research analysts predict that Okta will post 1.92 EPS for the current year.

Insiders Place Their Bets

In other Okta news, insider Eric Kelleher sold 6,395 shares of Okta stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the sale, the insider directly owned 18,668 shares of the company’s stock, valued at approximately $3,427,071.44. The trade was a 25.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 48,822 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $193.48, for a total value of $9,446,080.56. Following the transaction, the chief executive officer owned 44,029 shares in the company, valued at $8,518,730.92. This trade represents a 52.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 206,702 shares of company stock worth $34,034,508 over the last three months. Company insiders own 4.61% of the company’s stock.

Institutional Investors Weigh In On Okta

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OKTA. Washington Trust Advisors Inc. raised its stake in Okta by 64.2% in the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock worth $27,000 after acquiring an additional 77 shares during the last quarter. CX Institutional lifted its position in Okta by 5.1% during the 2nd quarter. CX Institutional now owns 2,633 shares of the company’s stock worth $359,000 after acquiring an additional 127 shares during the period. EverSource Wealth Advisors LLC grew its stake in Okta by 10.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company’s stock valued at $105,000 after purchasing an additional 129 shares during the last quarter. SteelPeak Wealth LLC grew its stake in Okta by 2.8% during the 1st quarter. SteelPeak Wealth LLC now owns 5,166 shares of the company’s stock valued at $407,000 after purchasing an additional 140 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Okta by 1.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 9,241 shares of the company’s stock valued at $1,261,000 after purchasing an additional 167 shares during the period. 86.64% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: AI-agent products are driving optimism. At Oktane 2026, Okta highlighted Agent SSO, runtime enforcement, an AI-agent runtime gateway, lifecycle-management tools and an “AI kill switch.” The offerings are intended to govern authentication, access and security for enterprise AI agents, potentially opening a new growth market beyond traditional per-seat identity software. BofA raises Okta price target on AI-agent positioning
• Positive Sentiment: Analysts broadly raised targets. Bank of America lifted its target to $220, while BTIG reaffirmed Buy at $219. Wells Fargo, RBC, DA Davidson and Guggenheim raised targets to $230, $230, $235 and $227, respectively. The revisions reflect expectations for stronger AI-identity adoption and a potential reacceleration in growth. D.A. Davidson raises Okta price target
• Neutral Sentiment: Short-interest data offers little directional signal. Reported short interest was zero shares, implying no measurable days-to-cover; investors should treat the figure cautiously because it does not establish improving fundamentals.
• Negative Sentiment: Valuation and execution risks remain. After a sharp multi-year rally, Okta trades at a premium earnings multiple, leaving the stock vulnerable if AI monetization or growth reacceleration disappoints. Mizuho remains Neutral pending proof that stronger growth can persist, while Jefferies cited customer confusion as an adoption hurdle.
• Negative Sentiment: Insider selling may weigh on sentiment. CEO Todd McKinnon sold 48,822 shares worth approximately $9.45 million, reducing his direct holdings by about 53%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which limits its significance, but it still represents a potential overhang. SEC filing for Todd McKinnon stock sale

Okta Company Profile

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.