Okta, Inc. (OKTA)
NASDAQ: OKTA · Real-Time Price · USD
75.45
+1.76 (2.39%)
At close: Nov 21, 2024, 4:00 PM
76.00
+0.55 (0.73%)
After-hours: Nov 21, 2024, 7:48 PM EST
Okta Stock Forecast
Stock Price Forecast
The 34 analysts with 12-month price forecasts for Okta stock have an average target of 98.94, with a low estimate of 74 and a high estimate of 140. The average target predicts an increase of 31.13% from the current stock price of 75.45.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Okta stock from 35 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 7 | 7 | 8 | 7 |
| Buy | 6 | 6 | 6 | 6 | 5 | 5 |
| Hold | 19 | 19 | 21 | 19 | 20 | 22 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 34 | 34 | 35 | 33 | 34 | 35 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Initiates $81 | Hold | Initiates | $81 | +7.36% | Nov 19, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $115 → $85 | Strong Buy → Hold | Downgrades | $115 → $85 | +12.66% | Nov 12, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $100 → $92 | Hold | Maintains | $100 → $92 | +21.94% | Nov 4, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $113 → $97 | Strong Buy | Maintains | $113 → $97 | +28.56% | Oct 22, 2024 |
| Baird | Baird | Buy Maintains $105 → $95 | Buy | Maintains | $105 → $95 | +25.91% | Oct 18, 2024 |
Financial Forecast
Revenue This Year
2.62B
from 2.26B
Increased by 15.55%
Revenue Next Year
2.88B
from 2.62B
Increased by 10.25%
EPS This Year
2.66
from -2.17
EPS Next Year
2.96
from 2.66
Increased by 11.20%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.7B | 3.3B | 4.0B | ||
| Avg | 2.6B | 2.9B | 3.2B | ||
| Low | 2.5B | 2.7B | 2.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.4% | 28.0% | 38.9% | ||
| Avg | 15.6% | 10.2% | 12.4% | ||
| Low | 10.9% | 2.2% | -0.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.78 | 3.90 | 5.61 | ||
| Avg | 2.66 | 2.96 | 3.47 | ||
| Low | 2.52 | 2.49 | 2.72 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 46.2% | 89.3% | ||
| Avg | - | 11.2% | 17.1% | ||
| Low | - | -6.5% | -8.0% |
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.