Okta, Inc. (OKTA)
NASDAQ: OKTA · Real-Time Price · USD
83.28
+1.59 (1.95%)
At close: Dec 20, 2024, 4:00 PM
83.50
+0.22 (0.26%)
After-hours: Dec 20, 2024, 7:16 PM EST
Okta Stock Forecast
Stock Price Forecast
The 35 analysts with 12-month price forecasts for Okta stock have an average target of 104.46, with a low estimate of 75 and a high estimate of 140. The average target predicts an increase of 25.43% from the current stock price of 83.28.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Okta stock from 36 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 7 | 7 | 8 | 7 | 8 |
| Buy | 6 | 6 | 6 | 5 | 5 | 9 |
| Hold | 19 | 21 | 19 | 20 | 22 | 18 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 34 | 35 | 33 | 34 | 35 | 36 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Maintains $100 → $90 | Hold | Maintains | $100 → $90 | +8.07% | Dec 19, 2024 |
| Keybanc | Keybanc | Hold → Buy Upgrades $115 | Hold → Buy | Upgrades | $115 | +38.09% | Dec 19, 2024 |
| Bernstein | Bernstein | Buy Maintains $129 → $124 | Buy | Maintains | $129 → $124 | +48.90% | Dec 17, 2024 |
| Baird | Baird | Buy Maintains $105 → $115 | Buy | Maintains | $105 → $115 | +38.09% | Dec 17, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $100 | Hold → Buy | Upgrades | $100 | +20.08% | Dec 16, 2024 |
Financial Forecast
Revenue This Year
2.65B
from 2.26B
Increased by 17.06%
Revenue Next Year
2.86B
from 2.65B
Increased by 8.08%
EPS This Year
2.81
from -2.17
EPS Next Year
2.99
from 2.81
Increased by 6.37%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 2.7B | 3.3B | 4.0B | ||
| Avg | 2.6B | 2.9B | 3.1B | ||
| Low | 2.5B | 2.7B | 2.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 21.3% | 24.8% | 38.1% | ||
| Avg | 17.1% | 8.1% | 10.0% | ||
| Low | 11.1% | 2.6% | 0.9% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 3.05 | 3.94 | 5.10 | ||
| Avg | 2.81 | 2.99 | 3.41 | ||
| Low | 2.55 | 2.69 | 2.99 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | - | 39.9% | 70.5% | ||
| Avg | - | 6.4% | 13.8% | ||
| Low | - | -4.6% | -0.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.