Okta

OKTA · NASDAQ

$194.02+$4.09 (+2.15%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $189.93

OKTA analyst rating

BuyConsensus of 38 analysts over the last 12 months. 76% rate it a buy.

Strong buy0
Buy29
Hold9
Underperform0
Sell0

12-month price target · 46 analysts

Average $216.95 (+11.8% upside)

Low: $128.27
Now: $194.02
High: $262.50

Upgrades and downgrades

The latest rating actions, newest first

OKTA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 15, 2026	Maintains	Neutral	$205.00 → $215.00	71%
BMO Capital	Oct 9, 2026	Maintains	Outperform	$230.00 → $245.00	66%
Amerx	Oct 8, 2026	Initiates	Hold	—	31%
Morgan Stanley	Sep 29, 2026	Maintains	Overweight	$200.00 → $245.00	62%
Scotiabank	Sep 28, 2026	Maintains	Sector Outperform	$190.00 → $245.00	54%
Citizens	Sep 28, 2026	Maintains	Market Outperform	$180.00 → $225.00	61%
Macquarie	Sep 25, 2026	Maintains	Outperform	$185.00 → $240.00	53%
Truist Securities	Sep 25, 2026	Maintains	Buy	$200.00 → $235.00	95%
Stephens & Co.	Sep 25, 2026	Maintains	Overweight	$190.00 → $240.00	77%
BMO Capital	Sep 25, 2026	Maintains	Outperform	$187.00 → $230.00	66%

The case for and against

Updated Oct 14, 2026

Bull case

Okta is supported by a durable identity-security thesis, as AI is increasing the strategic importance of identity while its incumbency, large installed base, and neutral platform position create a strong cross-sell path into IGA, PAM, ITDR, and agentic identity. Recent operating evidence reinforces that view, including cRPO of $2.59B, up 14% year over year, revenue growth of 11% to $805M, and strong margins, which together signal healthy enterprise demand, improving sales productivity, and successful platform expansion. Management’s push around Okta for AI Agents, Auth0 innovation, and open standards also suggests early traction that could widen wallet share and sustain growth re-acceleration over time.

Bear case

Okta is exposed to several fundamental headwinds that weaken the investment case, led by the complex integration of Auth0, which could disrupt products and customer workflows while leaving two standalone CIAM solutions in place. Its growth is also vulnerable to a general contraction in information technology budgets, since CIAM tooling may be viewed as non-core spend, and expansion into Privileged Access Management faces heavy competition from CyberArk, BeyondTrust, ThycoticCentrify, and larger platform players. In addition, seat count pressures in workforce identity, rising pricing competition in a consolidating identity-security market, and the risk of delayed new-product releases could accelerate revenue deceleration despite management’s AI and identity-security narrative.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.