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NASDAQ: OKTA
Okta Inc Stock Forecast, Predictions & Price Target

Analyst price target for OKTA

Based on 18 analysts offering 12 month price targets for Okta Inc.
Min Forecast
$240.00+10.15%
Avg Forecast
$284.94+30.78%
Max Forecast
$320.00+46.87%

Should I buy or sell OKTA stock?

Based on 18 analysts offering ratings for Okta Inc.
Strong Buy
Strong Buy
10 analysts 55.56%
Buy
4 analysts 22.22%
Hold
4 analysts 22.22%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

OKTA stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Deutsche Bank
Top 18%
83
Strong BuyMaintains$250.00+14.74%2021-12-03
Mizuho
Top 4%
97
HoldMaintains$250.00+14.74%2021-12-02
Anonymous
Morgan Stanley
Strong BuyMaintains$300.00+37.69%2021-12-02
BMO Capital
Top 5%
96
BuyMaintains$270.00+23.92%2021-12-02
Piper Sandler
Top 1%
100
Strong BuyUpgrades$270.00+23.92%2021-12-02Find out why
DA Davidson
Bottom 22%
22
Strong BuyInitiates Coverage On$315.00+44.57%2021-11-18
Morgan Stanley
Bottom 8%
8
Strong BuyUpgrades$315.00+44.57%2021-09-28
Needham
Top 1%
100
BuyUpgrades$320.00+46.87%2021-09-02
Stifel Nicolaus
Bottom 18%
18
HoldMaintains$270.00+23.92%2021-09-02
Raymond James
Top 23%
78
Strong BuyUpgrades$310.00+42.28%2021-08-25

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Forecast return on equity

Is OKTA forecast to generate an efficient return?
Company
N/A
Industry
-30.36%
Market
37.06%

Forecast return on assets

Is OKTA forecast to generate an efficient return on assets?
Company
N/A
Industry
15.96%

OKTA earnings per share forecast

What is OKTA's earnings per share in the next 2 years based on estimates from 9 analysts?
Avg 1 year Forecast
-$4.80+2.56%
Avg 2 year Forecast
-$5.35+14.32%

OKTA revenue forecast

What is OKTA's revenue in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$1.3B+10.35%
Avg 2 year Forecast
$1.7B+51.89%
Avg 3 year Forecast
$2.3B+103.76%
OKTA's revenue is forecast to grow at an exceptional rate of 26.3% per year
Forecast

OKTA revenue growth forecast

How is OKTA forecast to perform vs Software - Infrastructure companies and vs the US market?
Company
26.3%
Industry
11.95%
Market
10.03%
OKTA's revenues are forecast to grow faster (26.3% per year) than the US Software - Infrastructure industry average (11.95%)
Forecast
OKTA's revenues are forecast to grow faster (26.3% per year) than the US market average (10.03%)
Forecast

Okta Stock Forecast FAQ

Is Okta Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 18 Wall Street analysts covering (NASDAQ: OKTA) stock is to Strong Buy OKTA stock.

Out of 18 analysts, 10 (55.56%) are recommending OKTA as a Strong Buy, 4 (22.22%) are recommending OKTA as a Buy, 4 (22.22%) are recommending OKTA as a Hold, 0 (0%) are recommending OKTA as a Sell, and 0 (0%) are recommending OKTA as a Strong Sell.

What is OKTA's earnings growth forecast for 2022-2023?

(NASDAQ: OKTA) Okta's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 4.89%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Okta's earnings in 2021 is -$683,031,000.On average, 9 Wall Street analysts forecast OKTA's earnings for 2022 to be $-746,610,274, with the lowest OKTA earnings forecast at $-794,828,854, and the highest OKTA earnings forecast at $-429,300,907.

In 2023, OKTA is forecast to generate $-832,159,367 in earnings, with the lowest earnings forecast at $-917,708,461 and the highest earnings forecast at $-363,972,508.

What is OKTA's revenue growth forecast for 2022-2024?

(NASDAQ: OKTA) Okta's forecast annual revenue growth rate of 26.3% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 11.95%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 10.03%.

Okta's revenue in 2021 is $1,151,926,000.On average, 10 Wall Street analysts forecast OKTA's revenue for 2022 to be $197,726,665,283, with the lowest OKTA revenue forecast at $194,414,359,913, and the highest OKTA revenue forecast at $198,816,094,107. On average, 10 Wall Street analysts forecast OKTA's revenue for 2023 to be $272,153,443,670, with the lowest OKTA revenue forecast at $269,895,880,855, and the highest OKTA revenue forecast at $274,441,493,071.

In 2024, OKTA is forecast to generate $365,090,401,721 in revenue, with the lowest revenue forecast at $357,439,668,486 and the highest revenue forecast at $370,956,425,314.

What is OKTA's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: OKTA) forecast ROA is N/A, which is lower than the forecast US Software - Infrastructure industry average of 15.96%.

What is OKTA's Price Target?

According to 18 Wall Street analysts that have issued a 1 year OKTA price target, the average OKTA price target is $284.94, with the highest OKTA stock price forecast at $320.00 and the lowest OKTA stock price forecast at $240.00.

On average, Wall Street analysts predict that Okta's share price could stay at $284.94 by Dec 3, 2022. The average Okta stock price prediction forecasts a potential downside of N/A from the current OKTA share price of $217.88.

What is OKTA's Earnings Per Share (EPS) forecast for 2022-2023?

(NASDAQ: OKTA) Okta's current Earnings Per Share (EPS) is -$4.68. On average, analysts forecast that OKTA's EPS will be $-4.80 for 2022, with the lowest EPS forecast at $-5.11, and the highest EPS forecast at $-2.76. In 2023, OKTA's EPS is forecast to hit $-5.35 (min: $-5.90, max: $-2.34).

What is OKTA's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: OKTA) forecast ROE is N/A, which is considered weak.
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