Okta (OKTA) closed the most recent trading day at $140.42, moving +2.56% from the previous trading session.
Okta on Thursday agreed to acquire AI identity security startup Permiso Security, betting that demand for protecting AI agents and other machine identities will grow as enterprises deploy autonomous software across their operations.
Cloud software stock Okta (OKTA) has taken a 14% breather after hitting a four-year high of $157.00 on July 15, last seen down 0.8% to trade at $135.16 today. The shares are still up 55.6% in 2026, however, and an unwinding of bearish sentiment could give the identity and access management stock another lift.
Okta is transitioning from growth stock to profit generator, with recent AI-driven product launches fueling renewed investor enthusiasm. OKTA's Q1 beat-and-raise, coupled with agentic security products, has driven a ~65% YTD gain, outpacing the S&P 500. Valuation remains attractive: OKTA trades at modest FCF multiples, with FY27 revenue guidance raised to $3.185–$3.205 billion (9–10% y/y growth).
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?
Does Okta (OKTA) have what it takes to be a top stock pick for momentum investors? Let's find out.
In the closing of the recent trading day, Okta (OKTA) stood at $141.71, denoting a -4.51% move from the preceding trading day.
Okta (OKTA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Wells Fargo (NYSE:WFC | WFC Price Prediction) just delivered a striking pair of price target hikes on cybersecurity leaders Okta (NASDAQ:OKTA) and Fortinet (NASDAQ:FTNT).
The latest trading day saw Okta (OKTA) settling at $150.86, representing a -2.43% change from its previous close.
Okta, Inc. (OKTA) Discusses Technology Vision and Identity Security Strategy Transcript
Okta (OKTA) closed the most recent trading day at $146.77, moving 1.15% from the previous trading session.