Okta (NASDAQ:OKTA) Price Target Raised to $110.00 at Susquehanna

Posted by Don Miller on May 29th, 2026

Okta (NASDAQ:OKTA – Get Free Report) had its price objective increased by equities researchers at Susquehanna from $80.00 to $110.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target indicates a potential downside of 5.30% from the company’s current price.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada raised their target price on shares of Okta from $108.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday. Piper Sandler cut their price objective on shares of Okta from $100.00 to $82.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Zacks Research cut Okta from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. KeyCorp boosted their price target on Okta from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Oppenheimer lifted their target price on Okta from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.97.

Read Our Latest Report on Okta

Okta Stock Up 22.6%

Shares of OKTA traded up $21.44 during trading hours on Friday, reaching $116.16. The stock had a trading volume of 4,634,549 shares, compared to its average volume of 3,440,110. The company has a market cap of $20.55 billion, a P/E ratio of 88.32, a P/E/G ratio of 3.49 and a beta of 0.59. Okta has a 52 week low of $62.66 and a 52 week high of $117.96. The firm has a 50-day moving average of $79.01 and a 200 day moving average of $82.69.

Okta (NASDAQ:OKTA – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. The company had revenue of $765.00 million during the quarter, compared to the consensus estimate of $751.84 million. Okta had a return on equity of 4.18% and a net margin of 8.05%.The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. As a group, equities analysts expect that Okta will post 1.61 earnings per share for the current year.

Insider Transactions at Okta

In other Okta news, insider Eric Robert Kelleher sold 16,818 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $80.00, for a total transaction of $1,345,440.00. Following the transaction, the insider owned 15,470 shares of the company’s stock, valued at $1,237,600. The trade was a 52.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Mckinnon sold 11,263 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $81.01, for a total value of $912,415.63. Following the sale, the chief executive officer owned 97,083 shares in the company, valued at approximately $7,864,693.83. This represents a 10.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 70,884 shares of company stock valued at $5,625,648. 4.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Okta

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Okta by 5.7% in the third quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock valued at $1,815,956,000 after acquiring an additional 1,074,977 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Okta by 52.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 465,370 shares of the company’s stock valued at $40,241,000 after purchasing an additional 161,069 shares during the period. Elo Mutual Pension Insurance Co grew its position in shares of Okta by 40.1% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 52,597 shares of the company’s stock worth $4,823,000 after purchasing an additional 15,058 shares in the last quarter. Congress Asset Management Co. grew its position in shares of Okta by 23.0% during the 4th quarter. Congress Asset Management Co. now owns 98,063 shares of the company’s stock worth $8,480,000 after purchasing an additional 18,325 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of Okta by 124.3% in the fourth quarter. Swedbank AB now owns 1,819,081 shares of the company’s stock valued at $157,296,000 after buying an additional 1,007,915 shares during the period. 86.64% of the stock is owned by institutional investors.

Key Okta News

Here are the key news stories impacting Okta this week:

Positive Sentiment: Okta beat Q1 expectations with revenue of $765 million and adjusted EPS of $0.91, topping consensus and showing 11.2% year-over-year revenue growth. Okta (OKTA) Q1 Earnings and Revenues Surpass Estimates
Positive Sentiment: Management issued Q2 and full-year FY2027 guidance above or in line with estimates, reinforcing confidence in execution and future growth. Okta earnings report and conference call materials
Positive Sentiment: Multiple firms raised targets after the earnings release, including JPMorgan to $114, BTIG to $119, Needham to $120, BMO to $120, Mizuho to $110, and Oppenheimer to $125, signaling stronger Street conviction. Analyst price target updates
Positive Sentiment: Analysts highlighted improving enterprise momentum and AI-driven identity demand, which could expand Okta’s long-term market opportunity. Okta to Present at Upcoming Investor Conferences
Neutral Sentiment: Okta announced it will present at upcoming investor conferences, which keeps management in front of investors but is not, by itself, a new operating catalyst. Okta to Present at Upcoming Investor Conferences

About Okta

(Get Free Report)

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.