Okta (OKTA) Stock Forecast & Price Target

$75.40

+1.51 (+2.04%)

(As of 02:53 PM ET)

Okta - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 29 Analyst Ratings

Based on 29 Wall Street analysts who have issued ratings for Okta in the last 12 months, the stock has a consensus rating of "Hold." Out of the 29 analysts, 1 has given a sell rating, 17 have given a hold rating, and 11 have given a buy rating for OKTA.

Consensus Price Target

$105.14
39.44% Upside

High Forecast	$140.00
Average Forecast	$105.14
Low Forecast	$74.00

According to the 29 analysts' twelve-month price targets for Okta, the average price target is $105.14. The highest price target for OKTA is $140.00, while the lowest price target for OKTA is $74.00. The average price target represents a forecasted upside of 39.44% from the current price of $75.40.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	20 Buy rating(s)
Hold	17 Hold rating(s)	19 Hold rating(s)	19 Hold rating(s)	12 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$105.14	$105.58	$104.48	$89.32
Forecasted Upside	39.44% Upside	21.33% Upside	20.81% Upside	19.95% Upside

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OKTA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

OKTA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Okta Stock vs. The Competition

Type	Okta	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.34	2.65	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	38.61% Upside	2,471.56% Upside	6.72% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Susquehanna 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$110.00 ➝ $85.00	+13.45%
8/29/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Hold ➝ Hold	$110.00 ➝ $100.00	+23.76%
8/29/2024	Citigroup 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$115.00 ➝ $110.00	+36.14%
8/29/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$95.00 ➝ $90.00	+11.03%
8/29/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$100.00 ➝ $85.00	+6.92%
8/29/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$122.00 ➝ $108.00	+35.85%
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8/29/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Hold	$105.00 ➝ $95.00	+20.80%
8/29/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$130.00 ➝ $113.00	+43.69%
8/29/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$125.00 ➝ $125.00	+58.95%
8/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$110.00 ➝ $100.00	+27.16%
8/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$110.00 ➝ $105.00	+33.52%
8/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$120.00 ➝ $108.00	+28.57%
8/29/2024	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$140.00 ➝ $140.00	+66.67%
8/29/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$104.00 ➝ $92.00	+9.52%
8/29/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$130.00 ➝ $130.00	+34.66%
8/29/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$108.00 ➝ $105.00	+8.76%
8/29/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$100.00 ➝ $90.00	-6.77%
8/29/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$100.00 ➝ $103.00	+6.69%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Underperform	$135.00 ➝ $75.00	-22.31%
6/25/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$130.00 ➝ $130.00	+47.08%
5/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Levine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$102.00 ➝ $122.00	+26.61%
5/29/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$130.00 ➝ $130.00	+35.21%
5/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$105.00 ➝ $110.00	+9.19%
2/29/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$110.00 ➝ $125.00	+18.55%
2/29/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$84.00 ➝ $114.00	+30.58%
11/30/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $80.00	+16.38%
11/30/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Sector Weight
11/30/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform	$100.00 ➝ $74.00	+4.56%
11/27/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
8/31/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$90.00	+9.45%
8/31/2023	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$83.00 ➝ $85.00	+15.54%
3/2/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform	$71.00 ➝ $85.00	+18.98%
1/23/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$80.00 ➝ $90.00	+31.00%
1/4/2023	Sumitomo Mitsui Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$90.00	+29.40%
12/13/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$70.00	+2.20%
11/11/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$100.00 ➝ $70.00	+42.13%
11/2/2022	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$117.00 ➝ $80.00	+45.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:17 PM ET.

OKTA Forecast - Frequently Asked Questions

What is Okta's forecast for 2024?: According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for Okta is $105.14, with a high forecast of $140.00 and a low forecast of $74.00.
Should I buy or sell Okta stock right now?: 29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There is currently 1 sell rating, 17 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OKTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKTA, but not buy additional shares or sell existing shares.
Does Okta's stock price have much upside?: According to analysts, Okta's stock has a predicted upside of 22.94% based on their 12-month stock forecasts.
Has Okta been downgraded by Wall Street analysts recently?: Over the previous 90 days, Okta's stock had 1 downgrade by analysts.
What analysts cover Okta?: Okta has been rated by research analysts at Bank of America, BMO Capital Markets, Canaccord Genuity Group, Citigroup, DA Davidson, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Truist Financial, UBS Group, Wells Fargo & Company, and Westpark Capital in the past 90 days.
Do Wall Street analysts like Okta more than its competitors?: Analysts like Okta less than other "computer and technology" companies. The consensus rating for Okta is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how OKTA compares to other companies.