Okta (NASDAQ:OKTA) Given New $235.00 Price Target at DA Davidson

Posted by Brian Himes on Sep 24th, 2026

Okta (NASDAQ:OKTA – Get Free Report) had its price objective raised by stock analysts at DA Davidson from $190.00 to $235.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 14.43% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Bank of America increased their price objective on shares of Okta from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday. BMO Capital Markets upped their target price on Okta from $168.00 to $187.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Canaccord Genuity Group boosted their price target on shares of Okta from $115.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Piper Sandler boosted their target price on shares of Okta from $105.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, Stifel Nicolaus set a $215.00 price objective on Okta in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.42.

View Our Latest Analysis on OKTA

Okta Stock Performance

Okta stock opened at $205.36 on Thursday. The stock has a market capitalization of $35.90 billion, a price-to-earnings ratio of 123.71, a PEG ratio of 6.12 and a beta of 0.79. Okta has a 52-week low of $62.66 and a 52-week high of $207.20. The stock’s 50 day moving average price is $156.52 and its two-hundred day moving average price is $118.37.

Okta (NASDAQ:OKTA – Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, beating 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 analyst estimates of $793.00 million. During the same quarter in the previous year, the business posted $0.91 EPS. Okta’s revenue for the quarter was up 10.6% compared to the same quarter last year. 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 research analysts forecast that Okta will post 1.92 EPS for the current year.

Insider Transactions at Okta

In related news, CEO Todd McKinnon sold 68,936 shares of Okta stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $146.62, for a total transaction of $10,107,396.32. Following the completion of the sale, the chief executive officer owned 38,484 shares of the company’s stock, valued at approximately $5,642,524.08. This trade represents a 64.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brett Tighe sold 41,251 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the sale, the chief financial officer directly owned 7,693 shares in the company, valued at $1,249,650.92. This represents a 84.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 157,880 shares of company stock worth $24,588,427. 4.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

Key Stories Impacting Okta

Here are the key news stories impacting Okta this week:

Positive Sentiment: Analysts raised targets and reiterated bullish ratings. Wells Fargo increased its price target to $230 from $200 and assigned an Overweight rating. Guggenheim raised its target to $227 while maintaining Buy, William Blair initiated coverage with Buy, and D.A. Davidson lifted its target to $235. The upgrades cite improved fundamentals, identity-governance demand, AI-agent opportunities and an expanding addressable market. Guggenheim raises Okta price target
Positive Sentiment: AI-agent security remains the main growth catalyst. Okta introduced an AI agent runtime gateway and an “AI kill switch,” while forming the Blueprint Alliance with AWS and CrowdStrike. The initiatives are designed to manage agent identity, permissions and governance, potentially creating new monetization opportunities beyond traditional user-based identity products. Okta adds AI agent gateway and Blueprint Alliance
Positive Sentiment: Partner adoption supports Okta’s platform strategy. Aembit announced support for Okta’s Cross App Access protocol, extending enterprise identity controls to AI agents and strengthening Okta’s ecosystem around secure agent-to-application access. Aembit supports Okta Cross App Access
Neutral Sentiment: Oktane 2026 and management commentary are sustaining attention. CEO Todd McKinnon has emphasized balancing innovation with security as enterprises deploy AI agents. Investors are looking for evidence that the new products can accelerate revenue growth and produce meaningful customer adoption. CNBC interview with Okta CEO
Negative Sentiment: Overbought conditions and valuation create downside risk. Okta’s RSI is above 70, signaling stretched momentum after the stock’s rally. Its elevated valuation leaves shares sensitive to profit-taking or disappointing AI execution. Insider Eric Kelleher also sold 6,395 shares for about $1.17 million under a pre-arranged Rule 10b5-1 plan, a relatively minor but potentially negative sentiment signal. Benzinga overbought stock report

Okta Company Profile

(Get Free Report)

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.