Okta (NASDAQ:OKTA) Price Target Raised to $225.00

Posted by Stanley Muller on Oct 1st, 2026

Okta (NASDAQ:OKTA – Free Report) had its target price boosted by Citizens Jmp from $180.00 to $225.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

A number of other brokerages have also recently weighed in on OKTA. BTIG Research reaffirmed a “buy” rating and set a $219.00 price target on shares of Okta in a research report on Thursday, September 24th. Raymond James Financial raised their price objective on Okta from $115.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Sanford C. Bernstein cut Okta from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $143.00 to $174.00 in a research note on Thursday, September 17th. Truist Financial upped their target price on Okta from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Finally, HC Wainwright assumed coverage on Okta in a research note on Monday, July 6th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Okta presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.72.

View Our Latest Analysis on Okta

Okta Stock Up 2.1%

Shares of OKTA stock opened at $209.11 on Monday. The stock has a market cap of $36.56 billion, a price-to-earnings ratio of 125.97, a price-to-earnings-growth ratio of 6.37 and a beta of 0.79. Okta has a fifty-two week low of $62.66 and a fifty-two week high of $212.50. The firm’s 50 day moving average price is $162.41 and its two-hundred day moving average price is $122.72.

Okta (NASDAQ:OKTA – Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.09. Okta had a net margin of 9.63% and a return on equity of 4.50%. The company had revenue of $805.00 million during the quarter, compared to the consensus estimate of $793.00 million. During the same period in the previous year, the firm earned $0.91 earnings per share. Okta’s revenue for the quarter 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. On average, equities analysts forecast that Okta will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling

In other Okta news, CEO Todd McKinnon sold 48,822 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total value of $9,446,080.56. Following the transaction, the chief executive officer owned 44,029 shares in the company, valued at $8,518,730.92. The trade was a 52.58% decrease in their position. The sale 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 Kelleher sold 6,395 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $183.58, for a total transaction of $1,173,994.10. Following the completion of the transaction, the insider directly owned 18,668 shares of the company’s stock, valued at approximately $3,427,071.44. The trade was a 25.52% decrease in their ownership of the stock. 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 206,702 shares of company stock valued at $34,034,508 in the last quarter. Company insiders own 4.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OKTA. Washington Trust Advisors Inc. boosted its position in shares of Okta by 64.2% in the second 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. CX Institutional increased its position in Okta by 5.1% during the second quarter. CX Institutional now owns 2,633 shares of the company’s stock worth $359,000 after acquiring an additional 127 shares during the period. EverSource Wealth Advisors LLC increased its position in Okta by 10.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company’s stock worth $105,000 after acquiring an additional 129 shares during the period. SteelPeak Wealth LLC raised its stake in Okta by 2.8% during the 1st quarter. SteelPeak Wealth LLC now owns 5,166 shares of the company’s stock valued at $407,000 after purchasing an additional 140 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Okta by 1.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 9,241 shares of the company’s stock valued at $1,261,000 after purchasing an additional 167 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

Positive Sentiment: Morgan Stanley raised its price target to $245 from $200 and maintained an “Overweight” rating, citing a new growth opportunity from AI-agent security and increased cybersecurity spending driven by AI safety concerns. The new target implies additional upside from the referenced share price. Okta Stock Rises After Morgan Stanley Raises Price Target to $245
Positive Sentiment: Okta’s Oktane investor event strengthened the AI investment thesis. The company is developing shared architecture and authorization tools for AI-agent workflows, including its Cross App Access protocol. Partner Aembit’s support for the protocol adds evidence of potential ecosystem adoption. Okta builds shared architecture for agent runtime security
Positive Sentiment: Okta added Helen Riley, an Alphabet/X executive, to its board, a move that could support the company’s technology and AI strategy. Investor coverage has characterized the board appointment and AI-agent initiatives as catalysts behind the recent rally. Okta Added An Alphabet Executive To Its Board
Neutral Sentiment: Analyst recommendations remain broadly favorable, but reports caution that Wall Street’s average brokerage rating can be overly optimistic and should not be used alone to justify buying OKTA. Wall Street Analysts Think Okta Is a Good Investment
Negative Sentiment: Valuation is a key risk. One analysis estimates Okta could be about 36% overvalued after its sharp AI-driven advance, increasing the potential for a pullback if adoption or growth fails to meet elevated expectations. Okta Could Be 36% Overvalued Following Its AI Agent Identity Push
Negative Sentiment: Bernstein downgraded Okta to Market Perform, despite raising its price target, citing concerns that margin growth may slow as investors weigh AI-related demand against operating performance. Bernstein Downgrades 3 Cybersecurity Stocks

About Okta

(Get Free Report)

Okta, Inc is an identity and access management company that helps organizations secure and manage access to applications, systems, devices and digital services. Its platform is designed to support employees, contractors, partners, customers and other users across cloud-based and on-premises environments.

Okta’s products include single sign-on, multifactor authentication, lifecycle management, identity governance, privileged access and identity threat protection. Through its Workforce Identity Cloud and Customer Identity Cloud, the company provides tools for workforce access management and for integrating authentication and authorization capabilities into customer-facing applications.