Wells Fargo & Company Issues Positive Forecast for Okta (NASDAQ:OKTA) Stock Price

Posted by Paula Ricardo on May 29th, 2026

Okta (NASDAQ:OKTA – Get Free Report) had its price objective boosted by analysts at Wells Fargo & Company from $85.00 to $100.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 15.82% from the stock’s previous close.

OKTA has been the subject of several other research reports. TD Cowen decreased their target price on shares of Okta from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Tuesday, February 24th. BMO Capital Markets upped their target price on shares of Okta from $95.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Research cut shares of Okta from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Citigroup restated an “outperform” rating on shares of Okta in a research report on Friday. Finally, Stephens decreased their target price on shares of Okta from $120.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Okta presently has an average rating of “Moderate Buy” and an average target price of $107.40.

Read Our Latest Research Report on OKTA

Okta Stock Up 25.4%

Shares of NASDAQ:OKTA traded up $24.07 on Friday, reaching $118.79. 6,325,336 shares of the company’s stock were exchanged, compared to its average volume of 3,455,722. Okta has a fifty-two week low of $62.66 and a fifty-two week high of $118.50. The business’s 50-day moving average is $79.01 and its two-hundred day moving average is $82.69. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 89.90, a PEG ratio of 3.49 and a beta of 0.59.

Okta (NASDAQ:OKTA – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Okta had a net margin of 8.05% and a return on equity of 4.18%. The business had revenue of $765.00 million for the quarter, compared to analysts’ expectations of $751.84 million. During the same quarter last year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. Analysts predict that Okta will post 1.61 earnings per share for the current fiscal year.

Insider Activity at Okta

In other Okta news, CRO Jonathan James Addison sold 23,304 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $77.79, for a total transaction of $1,812,818.16. Following the sale, the executive directly owned 4,364 shares in the company, valued at approximately $339,475.56. The trade was a 84.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shellye L. Archambeau sold 2,500 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00. Following the sale, the director owned 9,192 shares in the company, valued at $781,320. This trade represents a 21.38% decrease in their ownership of the stock. 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 70,884 shares of company stock worth $5,625,648 in the last three months. Insiders own 4.61% of the company’s stock.

Institutional Trading of Okta

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC lifted its stake in Okta by 825.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock valued at $26,000 after purchasing an additional 264 shares during the last quarter. SHP Wealth Management acquired a new stake in Okta during the fourth quarter valued at approximately $27,000. Torren Management LLC acquired a new stake in Okta during the fourth quarter valued at approximately $32,000. Aster Capital Management DIFC Ltd acquired a new stake in Okta during the third quarter valued at approximately $34,000. Finally, Westside Investment Management Inc. lifted its stake in Okta by 86.9% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the company’s stock valued at $38,000 after purchasing an additional 193 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.

Okta News Summary

Here are the key news stories impacting Okta this week:

Positive Sentiment: Okta beat Wall Street estimates on both revenue and earnings, reporting $765 million in revenue and $0.91 in adjusted EPS, while also highlighting 11.2% year-over-year sales growth and improved operating profitability. Okta (OKTA) Q1 Earnings and Revenues Surpass Estimates
Positive Sentiment: Management lifted full-year and next-quarter guidance, signaling confidence in continued demand and execution; investors are viewing the outlook as a key reason the stock is re-rating higher. Okta shares surge after first-quarter earnings beat, raised guidance
Positive Sentiment: Several analysts raised price targets after the report, including RBC, Truist, Berenberg, Oppenheimer, BTIG, Needham, BMO, JPMorgan, and others, reflecting improving sentiment around Okta’s enterprise momentum and AI-related identity opportunity. Okta Price Target Raised to $140 on Improving Fundamentals, AI-Driven Growth, and Conservative Upside Potential
Positive Sentiment: Analysts and company commentary pointed to rising demand for identity security tied to AI agents, which is becoming an important growth narrative for Okta. Okta tops first-quarter results on agentic AI demand
Neutral Sentiment: Okta also announced an upcoming investor conference appearance, which is supportive for visibility but not a major near-term catalyst by itself. Okta to Present at Upcoming Investor Conferences

Okta Company Profile

(Get Free Report)

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.