Okta (NASDAQ:OKTA) Given New $165.00 Price Target at Citigroup

Posted by Brian Himes on Aug 27th, 2026

Okta (NASDAQ:OKTA – Get Free Report) had its target price raised by analysts at Citigroup from $105.00 to $165.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential downside of 5.16% from the stock’s previous close.

Several other brokerages have also recently issued reports on OKTA. Piper Sandler raised their price objective on Okta from $105.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday. Susquehanna upped their target price on Okta from $80.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Needham & Company LLC increased their price target on shares of Okta from $140.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group raised their price target on shares of Okta from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Sanford C. Bernstein lifted their price objective on shares of Okta from $141.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.92.

View Our Latest Stock Analysis on Okta

Okta Trading Up 29.4%

Shares of NASDAQ OKTA traded up $39.55 during midday trading on Thursday, reaching $173.97. The company had a trading volume of 13,929,562 shares, compared to its average volume of 3,545,430. Okta has a 1 year low of $62.66 and a 1 year high of $174.85. The business’s 50-day simple moving average is $139.27 and its 200 day simple moving average is $104.50. The stock has a market cap of $30.24 billion, a P/E ratio of 125.73, a P/E/G ratio of 4.70 and a beta of 0.77.

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

Insider Activity

In other Okta news, insider Eric Robert Kelleher sold 3,977 shares of Okta stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $114.10, for a total value of $453,775.70. Following the completion of the transaction, the insider owned 19,618 shares of the company’s stock, valued at approximately $2,238,413.80. The trade was a 16.86% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, CFO Brett Tighe sold 65,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $117.25, for a total transaction of $7,621,250.00. Following the completion of the transaction, the chief financial officer owned 119,680 shares of the company’s stock, valued at approximately $14,032,480. This trade represents a 35.20% 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. Insiders sold 165,347 shares of company stock valued at $21,827,342 in the last quarter. Company insiders own 4.61% of the company’s stock.

Hedge Funds Weigh In On Okta

A number of hedge funds have recently bought and sold shares of the business. SHP Wealth Management purchased a new position in shares of Okta during the 4th quarter valued at approximately $27,000. Washington Trust Advisors Inc. increased its holdings in Okta by 64.2% in the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock worth $27,000 after acquiring an additional 77 shares in the last quarter. Torren Management LLC acquired a new position in Okta during the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB raised its position in Okta by 279.5% during the second 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 period. Finally, Assetmark Inc. lifted its holdings in Okta by 81.1% during the first quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $57,000 after purchasing an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

Positive Sentiment: Quarterly beat and raised guidance: Okta reported fiscal Q2 revenue of $805 million, up 10.6% year over year and above the $793 million consensus estimate. Adjusted EPS of $1.05 also exceeded expectations of $0.96. Management raised fiscal 2027 EPS guidance to $3.90–$3.94, compared with an analyst consensus of $3.43, and set third-quarter revenue and EPS guidance above Wall Street forecasts. Okta earnings report
Positive Sentiment: Improving operating indicators: Subscription revenue rose 12%, while stronger cash flow, backlog growth, record non-Q4 bookings and increased current remaining performance obligations supported investor confidence in demand for Okta’s core identity platform. Okta Q2 earnings beat
Positive Sentiment: AI security opportunity: Analysts said rising adoption of AI and AI agents is increasing demand for identity and cybersecurity controls. Okta also launched Agent SSO, designed to manage access, visibility and policies for enterprise AI agents while reducing reliance on vulnerable static API keys. Okta launches Agent SSO
Positive Sentiment: Favorable analyst reaction: Morgan Stanley, RBC, Truist, Oppenheimer, Needham and other firms raised targets, with several setting targets near $190–$200 and maintaining bullish ratings. The upgrades reinforced the earnings-driven rally. Analyst reactions

Okta Company Profile

(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.