Okta, Inc. (OKTA)
NASDAQ: OKTA · IEX Real-Time Price · USD
94.03
+0.11 (0.12%)
At close: Jul 19, 2024, 4:00 PM
94.42
+0.39 (0.41%)
Pre-market: Jul 22, 2024, 4:58 AM EDT
Okta Stock Forecast
Stock Price Forecast
The 32 analysts with 12-month price forecasts for Okta stock have an average target of 104.53, with a low estimate of 70 and a high estimate of 140. The average target predicts an increase of 11.17% from the current stock price of 94.03.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Okta stock from 34 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 9 | 9 | 9 |
| Buy | 5 | 5 | 5 | 6 | 6 | 6 |
| Hold | 19 | 20 | 20 | 19 | 19 | 19 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 34 | 34 | 34 | 34 | 34 | 34 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Guggenheim | Guggenheim | Strong Buy Reiterates $130 | Strong Buy | Reiterates | $130 | +38.25% | Jun 25, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $125 | Buy | Reiterates | $125 | +32.94% | Jun 17, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $110 → $100 | Hold | Maintains | $110 → $100 | +6.35% | Jun 3, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $105 → $110 | Hold | Maintains | $105 → $110 | +16.98% | May 30, 2024 |
| UBS | UBS | Strong Buy Maintains $130 → $120 | Strong Buy | Maintains | $130 → $120 | +27.62% | May 30, 2024 |
Financial Forecast
Revenue This Year
2.59B
from 2.26B
Increased by 14.58%
Revenue Next Year
2.90B
from 2.59B
Increased by 11.99%
EPS This Year
2.46
from -2.17
EPS Next Year
2.83
from 2.46
Increased by 14.91%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.8B | 3.4B | 4.0B | 4.6B | 5.3B |
| Avg | 2.6B | 2.9B | 3.3B | 3.9B | 4.4B |
| Low | 2.5B | 2.7B | 2.9B | 3.4B | 3.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.0% | 31.2% | 36.3% | 40.7% | 34.6% |
| Avg | 14.6% | 12.0% | 13.0% | 20.0% | 12.7% |
| Low | 9.4% | 2.3% | -0.4% | 4.4% | -3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.10 | 3.97 | 3.65 | 6.36 | 7.52 |
| Avg | 2.46 | 2.83 | 3.29 | 4.76 | 7.30 |
| Low | 2.32 | 2.50 | 2.81 | 3.20 | 7.02 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 61.2% | 29.2% | 93.6% | 58.0% |
| Avg | - | 14.9% | 16.2% | 44.8% | 53.5% |
| Low | - | 1.3% | -0.6% | -2.5% | 47.5% |
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.