BMO Capital Markets Issues Positive Forecast for Okta (NASDAQ:OKTA) Stock Price

Okta (NASDAQ:OKTA) had its target price lifted by equities researchers at BMO Capital Markets from $187.00 to $230.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 11.30% from the company’s current price.

Several other analysts have also recently weighed in on OKTA. Canaccord Genuity Group boosted their price objective on Okta from $115.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Capital One Financial set a $171.00 price target on shares of Okta and gave the stock an “overweight” rating in a research note on Thursday, July 16th. BTIG Research restated a “buy” rating and issued a $219.00 price objective on shares of Okta in a report on Thursday. Barclays lifted their target price on shares of Okta from $180.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Sanford C. Bernstein cut shares of Okta from an “outperform” rating to a “market perform” rating and upped their target price for the company from $143.00 to $174.00 in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.79.

Okta Trading Up 0.6%

Shares of OKTA stock opened at $206.64 on Friday. Okta has a 1 year low of $62.66 and a 1 year high of $212.50. The firm’s 50 day moving average is $157.70 and its 200-day moving average is $119.26. The firm has a market capitalization of $36.12 billion, a price-to-earnings ratio of 124.48, a PEG ratio of 6.12 and a beta of 0.79.

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

Insider Transactions at Okta

In other news, insider Eric Kelleher sold 6,395 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $183.58, for a total value of $1,173,994.10. Following the completion of the transaction, the insider owned 18,668 shares of the company’s stock, valued at $3,427,071.44. The trade was a 25.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 68,936 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $146.62, for a total transaction of $10,107,396.32. Following the completion of the sale, the chief executive officer owned 38,484 shares of the company’s stock, valued at approximately $5,642,524.08. This represents a 64.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 206,702 shares of company stock valued at $34,034,508 over the last three months. 4.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Okta

Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Okta by 71.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,553,091 shares of the company’s stock valued at $281,209,000 after purchasing an additional 1,485,963 shares in the last quarter. Geode Capital Management LLC lifted its stake in Okta by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company’s stock valued at $281,246,000 after buying an additional 57,605 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Okta by 28.4% in the first quarter. Pictet Asset Management Holding SA now owns 2,490,681 shares of the company’s stock valued at $195,844,000 after buying an additional 550,328 shares in the last quarter. Swedbank AB boosted its holdings in shares of Okta by 21.9% in the first quarter. Swedbank AB now owns 2,216,588 shares of the company’s stock valued at $174,468,000 after buying an additional 397,507 shares during the period. Finally, Norges Bank acquired a new position in shares of Okta in the fourth quarter valued at approximately $175,193,000. 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: AI-agent security strategy is driving optimism. At its Oktane 2026 conference, Okta unveiled tools including Agent SSO, runtime enforcement, an AI-agent gateway, lifecycle management and an “AI kill switch.” The company is positioning its identity platform as a control layer for enterprise AI agents, potentially expanding its addressable market beyond traditional identity software. BofA raises Okta price target on AI-agent positioning
• Positive Sentiment: Industry collaboration adds credibility. Okta is participating in the Blueprint Alliance, which aims to establish standards for securing and controlling AI agents. Its work with major technology companies reinforces the view that Okta could become an important provider of AI identity and access controls. Okta and the Blueprint Alliance
• Positive Sentiment: Analysts raised their expectations. Bank of America increased its price target to $220 from $200, while RBC, Wells Fargo, DA Davidson and Guggenheim lifted targets to $230, $230, $235 and $227, respectively. BTIG reaffirmed its Buy rating with a $219 target. The revisions reflect expectations for stronger AI adoption and a growth reacceleration by 2027. Analyst raises Okta price target
• Neutral Sentiment: Customer adoption remains the key test. The PGA of America’s identity-architecture deployment offers a practical example of Okta’s technology helping organizations manage AI-related complexity. However, Jefferies cited customer confusion as an adoption hurdle, and Mizuho wants evidence that growth can sustainably reaccelerate.
• Negative Sentiment: Valuation and insider selling create risks. After its substantial rally, Okta trades at a premium earnings multiple, leaving the stock vulnerable if AI products do not generate meaningful revenue. CEO Todd McKinnon also sold 48,822 shares for approximately $9.45 million, reducing his direct ownership by about 53%. The sale was made under a pre-arranged Rule 10b5-1 plan, which reduces its signaling value but may still weigh on sentiment. SEC filing for Todd McKinnon stock sale

About Okta

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.