Okta Stock Forecast

Stock Price Forecast

The 32 analysts with 12-month price forecasts for Okta stock have an average target of 100.03, with a low estimate of 70 and a high estimate of 140. The average target predicts an increase of 7.17% from the current stock price of 93.34.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$70	$100.03	$100	$140
Change	-25.01%	+7.17%	+7.14%	+49.99%

* Price targets were last updated on Mar 4, 2024.

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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	10	10	9	9	9	9
Buy	8	8	7	5	5	5
Hold	16	16	19	19	20	20
Sell	2	2	2	1	0	0
Strong Sell	0	0	0	0	0	0
Total	36	36	37	34	34	34

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Shyam Patil Susquehanna	Susquehanna	Hold Maintains $115	Hold	Maintains	$115	+23.21%	Mar 4, 2024
Shrenik Kothari Baird	Baird	Buy Maintains $90 → $108	Buy	Maintains	$90 → $108	+15.71%	Feb 29, 2024
Peter Levine Evercore ISI Group	Evercore ISI Group	Hold Maintains $70 → $102	Hold	Maintains	$70 → $102	+9.28%	Feb 29, 2024
Matthew Hedberg RBC Capital	RBC Capital	Buy Maintains $95 → $125	Buy	Maintains	$95 → $125	+33.92%	Feb 29, 2024
Brian Essex JP Morgan	JP Morgan	Hold Maintains $88 → $105	Hold	Maintains	$88 → $105	+12.49%	Feb 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.56B

from 2.26B

13.04%

from 2.26B

Revenue Next Year

2.88B

from 2.56B

12.74%

from 2.56B

EPS This Year

2.37

from -2.17

EPS Next Year

2.81

from 2.37

18.58%

from 2.37

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	586.07M	835.00M	1.30B	1.86B	2.26B	2.56B	2.88B	3.31B	4.14B	4.79B
Revenue Growth	46.79%	42.48%	55.69%	42.92%	21.80%	13.04%	12.74%	14.70%	25.21%	15.74%
EPS	-1.78	-2.09	-5.73	-5.16	-2.17	2.37	2.81	3.49	6.39	7.52
EPS Growth	-	-	-	-	-	-	18.58%	24.14%	83.14%	17.73%
No. Analysts	-	-	-	-	-	43	41	12	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	2.8B	3.5B	3.9B	4.5B	5.1B
Avg	2.6B	2.9B	3.3B	4.1B	4.8B
Low	2.4B	2.6B	2.9B	3.8B	4.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	24.4%	35.3%	36.7%	35.6%	24.3%
Avg	13.0%	12.7%	14.7%	25.2%	15.7%
Low	8.1%	3.4%	-0.5%	14.1%	6.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.80	5.73	6.33	6.57	7.74
Avg	2.37	2.81	3.49	6.39	7.52
Low	2.20	2.38	2.76	6.13	7.22

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	142.0%	125.4%	88.5%	21.2%
Avg	-	18.6%	24.1%	83.1%	17.7%
Low	-	0.5%	-1.6%	76.0%	13.1%

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.