Okta (NASDAQ:OKTA) Price Target Raised to $165.00

Okta (NASDAQ:OKTA) had its target price hoisted by JPMorgan Chase & Co. from $120.00 to $165.00 in a research note released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other analysts have also recently weighed in on the stock. Guggenheim raised their price objective on shares of Okta from $138.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada increased their target price on Okta from $145.00 to $166.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. BMO Capital Markets increased their target price on Okta from $120.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday. KeyCorp restated an “overweight” rating and set a $180.00 price target on shares of Okta in a research report on Friday. Finally, Oppenheimer lifted their price target on Okta from $125.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.54.

Okta Stock Performance

Shares of NASDAQ OKTA opened at $135.14 on Friday. Okta has a 12 month low of $62.66 and a 12 month high of $157.00. The firm has a market capitalization of $23.49 billion, a price-to-earnings ratio of 97.93, a PEG ratio of 4.86 and a beta of 0.77. The business has a 50-day moving average of $138.30 and a 200-day moving average of $103.45.

Okta (NASDAQ:OKTA) last announced its earnings results on Thursday, May 28th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. Okta had a net margin of 8.24% and a return on equity of 4.15%. The business had revenue of $765.00 million for the quarter, compared to the consensus estimate of $751.84 million. During the same period last year, the firm posted $0.86 earnings per share. Okta’s quarterly revenue was up 11.2% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. On average, analysts predict that Okta will post 1.75 earnings per share for the current year.

Insider Buying and Selling at Okta

In other news, CFO Brett Tighe sold 65,000 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $117.25, for a total value of $7,621,250.00. Following the completion of the sale, the chief financial officer owned 119,680 shares of the company’s stock, valued at approximately $14,032,480. This represents a 35.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Larissa Schwartz sold 2,463 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $120.00, for a total transaction of $295,560.00. Following the transaction, the insider directly owned 25,241 shares in the company, valued at approximately $3,028,920. This represents a 8.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 165,347 shares of company stock valued at $21,827,342. Insiders own 4.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SHP Wealth Management bought a new stake in shares of Okta in the 4th quarter valued at about $27,000. Washington Trust Advisors Inc. boosted its holdings in Okta by 64.2% during the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock valued at $27,000 after acquiring an additional 77 shares during the period. Torren Management LLC bought a new position in Okta during the 4th quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB grew its position in Okta by 279.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company’s stock worth $40,000 after acquiring an additional 218 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Okta by 81.1% in the 1st quarter. Assetmark Inc. now owns 719 shares of the company’s stock worth $57,000 after purchasing an additional 322 shares during the period. 86.64% of the stock is owned by institutional investors.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Analysts raised their price targets. JPMorgan lifted its target to $165 from $120 and assigned an “overweight” rating, while Cantor Fitzgerald raised its target to $170 from $125 and also rated the shares “overweight.” The revisions imply roughly 22%–26% potential upside from the referenced $135.14 level, supporting the bullish case for Okta. Okta analyst forecasts
• Positive Sentiment: Cybersecurity demand and AI are providing a favorable industry backdrop. Analysts and industry executives say AI-powered attacks are increasing the need for identity security. Morgan Stanley also identified Okta as a potential beneficiary as agentic identity security shifts toward broader platforms. Morgan Stanley identity security outlook
• Positive Sentiment: Okta appointed Scott Morgan as chief legal officer. His prior experience leading legal operations at Splunk, including its expansion and integration with Cisco, could help Okta manage governance, risk, acquisitions and the development of AI-native identity-security products. Okta appoints Scott Morgan
• Neutral Sentiment: Investors are focused on the Q2 report due Aug. 26. Preview coverage is examining subscription trends, margins, billings and other operating metrics beyond revenue and earnings estimates. Okta’s most recent report exceeded consensus expectations, with $765 million in revenue and $0.91 in adjusted earnings per share, but investors will be looking for evidence that growth can reaccelerate.
• Negative Sentiment: Retail investors have reduced their positions ahead of earnings. This signals diminished near-term conviction and could add volatility if Okta’s results or guidance fail to meet elevated expectations. Okta retail investor sentiment
• Negative Sentiment: Valuation and broader technology-market weakness remain risks. Okta trades at a high earnings multiple, while identity-security and software shares recently moved lower amid wider market pressure. The stock also remains below its 50-day moving average, underscoring near-term technical caution.

Okta Company Profile

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.