Needham & Company LLC Increases Okta (NASDAQ:OKTA) Price Target to $200.00

Posted by Brian Himes on Aug 27th, 2026

Okta (NASDAQ:OKTA – Get Free Report) had its target price raised by Needham & Company LLC from $140.00 to $200.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 48.79% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Truist Financial lifted their price objective on Okta from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Guggenheim raised their price target on Okta from $138.00 to $162.00 and gave the company a “buy” rating in a report on Thursday, August 20th. HSBC downgraded Okta from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Berenberg Bank upped their price objective on shares of Okta from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Cantor Fitzgerald raised their target price on shares of Okta from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Okta presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.74.

View Our Latest Stock Analysis on Okta

Okta Trading Up 2.9%

Shares of NASDAQ:OKTA opened at $134.42 on Thursday. The company has a 50 day moving average of $139.27 and a 200 day moving average of $104.50. The stock has a market cap of $23.36 billion, a P/E ratio of 97.41, a P/E/G ratio of 4.70 and a beta of 0.77. Okta has a 12 month low of $62.66 and a 12 month high of $157.00.

Okta (NASDAQ:OKTA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.96 by $0.09. The firm had revenue of $805.00 million during the quarter, compared to the consensus estimate of $793.00 million. Okta had a net margin of 8.24% and a return on equity of 4.15%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, equities analysts forecast that Okta will post 1.75 earnings per share for the current fiscal year.

Insider Transactions at Okta

In related news, insider Larissa Schwartz sold 24,971 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $134.13, for a total value of $3,349,360.23. Following the completion of the sale, the insider owned 23,477 shares in the company, valued at $3,148,970.01. The trade was a 51.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Robert Kelleher sold 3,977 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $114.10, for a total value of $453,775.70. Following the completion of the sale, the insider directly owned 19,618 shares of the company’s stock, valued at approximately $2,238,413.80. This represents a 16.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 165,347 shares of company stock valued at $21,827,342 over the last quarter. 4.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OKTA. Washington Trust Advisors Inc. lifted its stake in shares of Okta by 64.2% in 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 last quarter. 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. SHP Wealth Management bought a new position in Okta during the 4th quarter worth approximately $27,000. Torren Management LLC purchased a new position in Okta in the 4th quarter worth approximately $32,000. Finally, EFG International AG bought a new stake in Okta in the fourth quarter valued at approximately $61,000. 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: Quarterly results exceeded expectations. Okta reported adjusted earnings of $1.05 per share versus the $0.96 analyst consensus, while revenue increased 10.6% year over year to $805 million, topping estimates of $793 million. Okta Surpasses Q2 Earnings and Revenue Estimates
Positive Sentiment: Raised guidance provides an additional catalyst. Okta now expects fiscal 2027 revenue of approximately $3.216 billion to $3.226 billion, representing 10% to 11% growth and above its prior forecast of $3.19 billion to $3.21 billion. Third-quarter revenue guidance of $813 million to $817 million and EPS guidance of $0.92 to $0.94 also exceeded Wall Street expectations. Okta Lifts Full-Year Outlook as AI Agents Spur Demand
Positive Sentiment: AI-related demand is strengthening Okta’s growth narrative. Management highlighted increasing adoption of AI agents, new products contributing roughly 30% of bookings, record non-fourth-quarter bookings and partner-led sales. Investors view identity controls as increasingly important for securing AI-driven workflows. Okta and CrowdStrike Stocks Jump After Earnings
Neutral Sentiment: Analyst support improved, but valuation remains a consideration. Robert W. Baird reiterated a Buy rating and set a $185 price target. However, Okta’s elevated valuation—including a P/E ratio near 97—may limit further gains if growth or guidance begins to slow. Okta Buy Rating and Raised Price Target

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.