Okta (OKTA) closed the most recent trading day at $86.97, moving 4.51% from the previous trading session.
Okta (OKTA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Okta, Inc. is a leading cybersecurity firm in identity and access management, currently trading at a forward P/E of 26. OKTA delivered its 20th consecutive double-beat quarter, with strong double-digit revenue and EPS growth, premium margins, and a sticky customer base. Despite recent sell-off, OKTA appears undervalued given its dominant market share, high growth rates, and significant tailwinds from AI-driven cybersecurity demand.
In the most recent trading session, Okta (OKTA) closed at $88.48, indicating a +1.65% shift from the previous trading day.
Zacks.com users have recently been watching Okta (OKTA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Okta (OKTA) closed the most recent trading day at $89.08, moving 1.18% from the previous trading session.
Zacks.com users have recently been watching Okta (OKTA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the most recent trading session, Okta (OKTA) closed at $92.63, indicating a +1.91% shift from the previous trading day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
I am reiterating my “buy” rating on Okta with an updated price target of $115 per share, representing an upside of 26% from current levels as investor sentiment remains dampened. Okta outperformed against all metrics in Q2 FY26, with revenue, cRPO, and operating margin exceeding management targets, driven by strong enterprise customer growth and operating efficiency. Plus, the pending Axiom Security acquisition strengthens Okta's Privileged Access offering amid industry consolidation, positioning it well against competitors like CyberArk.
OKTA's strong portfolio and partner network fuel growth, but macro headwinds, competition and valuation risks weigh on its stock.
Okta, Inc. (NASDAQ:OKTA ) Citi's 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 10:10 AM EDT Company Participants Monty Gray - Executive Vice President of Corporate Development Dave Gennarelli - Senior Vice President of Investor Relations Conference Call Participants Fatima Boolani - Citigroup Inc., Research Division Presentation Fatima Boolani Director & Co-Head of Software Research [Audio Gap] run the software equity research franchise here at Citi. Very excited to have Okta on stage with me.