Okta, Inc. (OKTA)
NASDAQ: OKTA · Real-Time Price · USD
72.31
+0.22 (0.31%)
At close: Oct 4, 2024, 4:00 PM
72.30
-0.01 (-0.01%)
After-hours: Oct 4, 2024, 7:27 PM EDT
Okta Stock Forecast
Stock Price Forecast
The 32 analysts with 12-month price forecasts for Okta stock have an average target of 103.78, with a low estimate of 74 and a high estimate of 140. The average target predicts an increase of 43.52% from the current stock price of 72.31.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Okta stock from 33 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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 9 | 7 | 7 |
| Buy | 5 | 6 | 6 | 6 | 6 | 6 |
| Hold | 20 | 19 | 19 | 19 | 21 | 19 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 34 | 34 | 34 | 34 | 35 | 33 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Maintains $100 → $85 | Hold | Maintains | $100 → $85 | +17.55% | Sep 24, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $110 → $85 | Hold | Maintains | $110 → $85 | +17.55% | Sep 5, 2024 |
| Citigroup | Citigroup | Hold Maintains $115 → $110 | Hold | Maintains | $115 → $110 | +52.12% | Aug 29, 2024 |
| Jefferies | Jefferies | Hold Maintains $110 → $100 | Hold | Maintains | $110 → $100 | +38.29% | Aug 29, 2024 |
| Canaccord Genuity | Canaccord Genuity | Hold Maintains $95 → $90 | Hold | Maintains | $95 → $90 | +24.46% | Aug 29, 2024 |
Financial Forecast
Revenue This Year
2.62B
from 2.26B
Increased by 15.55%
Revenue Next Year
2.90B
from 2.62B
Increased by 10.75%
EPS This Year
2.66
from -2.17
EPS Next Year
2.99
from 2.66
Increased by 12.38%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.7B | 3.3B | 4.0B | ||
| Avg | 2.6B | 2.9B | 3.3B | ||
| Low | 2.5B | 2.7B | 2.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.4% | 28.0% | 38.3% | ||
| Avg | 15.6% | 10.7% | 13.2% | ||
| Low | 10.9% | 2.4% | 0.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.78 | 3.90 | 5.61 | ||
| Avg | 2.66 | 2.99 | 3.57 | ||
| Low | 2.34 | 2.49 | 2.81 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 46.6% | 87.8% | ||
| Avg | - | 12.4% | 19.5% | ||
| Low | - | -6.3% | -5.8% |
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.