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

OverviewForecast
EarningsDividendOwnership

Analyst price target for OKTA

Based on 39 analysts offering 12 month price targets for Okta Inc.
Min Forecast
$45.00-45.32%
Avg Forecast
$91.62+11.33%
Max Forecast
$175.00+112.66%

Should I buy or sell OKTA stock?

Based on 40 analysts offering ratings for Okta Inc.
Buy
Strong Buy
14 analysts 35%
Buy
10 analysts 25%
Hold
12 analysts 30%
Sell
3 analysts 7.5%
Strong Sell
1 analysts 2.5%

Be the first to know when Wall Street analysts revise their OKTA stock forecasts and price targets.

OKTA stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
WestPark Capital
Bottom 40%
40
Strong BuyInitiates Coverage On$120.00+45.83%2023-03-17
Citigroup
Bottom 18%
18
HoldMaintains$87.00+5.72%2023-03-03
JP Morgan
Bottom 19%
19
Strong BuyMaintains$95.00+15.45%2023-03-02
Morgan Stanley
Bottom 1%
1
HoldMaintains$84.00+2.08%2023-03-02
Canaccord Genuity
Top 6%
95
HoldMaintains$85.00+3.29%2023-03-02
Stifel Nicolaus
Bottom 8%
8
Strong BuyMaintains$100.00+21.52%2023-03-02
Oppenheimer
Top 33%
68
BuyMaintains$95.00+15.45%2023-03-02
Wells Fargo
Bottom 21%
21
Strong BuyMaintains$98.00+19.09%2023-03-02
JMP Securities
Top 24%
77
BuyMaintains$110.00+33.67%2023-03-02
BMO Capital
Top 10%
91
BuyMaintains$94.00+14.23%2023-03-02

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Forecast return on equity

Is OKTA forecast to generate an efficient return?
Company
-10.33%
Industry
-0.55%
Market
52.42%
OKTA's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is OKTA forecast to generate an efficient return on assets?
Company
-6.07%
Industry
20.18%
OKTA is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

OKTA earnings per share forecast

What is OKTA's earnings per share in the next 2 years based on estimates from 12 analysts?
Avg 1 year Forecast
-$5.21
Avg 2 year Forecast
-$3.50

OKTA revenue forecast

What is OKTA's revenue in the next 2 years based on estimates from 9 analysts?
Avg 1 year Forecast
$2.4B+29.42%
Avg 2 year Forecast
$3.1B+66.79%
OKTA's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

OKTA revenue growth forecast

How is OKTA forecast to perform vs Software - Infrastructure companies and vs the US market?
Company
31.31%
Industry
8.39%
Market
9.35%
OKTA's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
OKTA's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

OKTA vs Software Infrastructure Stocks

TickerPricePrice TargetUp/downsideConsensus
OKTA$82.29$91.62+11.33%Buy
MDB$211.13$263.56+24.83%Buy
SPLK$90.58$118.54+30.87%Buy
AKAM$74.15$100.33+35.31%Buy
GDDY$73.47$95.78+30.36%Strong Buy
View Top Software Infrastructure Stocks

Okta Stock Forecast FAQ

Is Okta Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 40 Wall Street analysts covering (NASDAQ: OKTA) stock is to Buy OKTA stock.

Out of 40 analysts, 14 (35%) are recommending OKTA as a Strong Buy, 10 (25%) are recommending OKTA as a Buy, 12 (30%) are recommending OKTA as a Hold, 3 (7.5%) are recommending OKTA as a Sell, and 1 (2.5%) are recommending OKTA as a Strong Sell.

If you're new to stock investing, here's how to buy Okta stock.

What is OKTA's earnings growth forecast for 2024-2025?

(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 20.82%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 26.82%.

Okta's earnings in 2023 is -$815,000,000.On average, 12 Wall Street analysts forecast OKTA's earnings for 2024 to be -$840,309,506, with the lowest OKTA earnings forecast at -$896,760,240, and the highest OKTA earnings forecast at -$766,117,112.

In 2025, OKTA is forecast to generate -$564,507,346 in earnings, with the lowest earnings forecast at -$564,507,346 and the highest earnings forecast at -$564,507,346.

What is OKTA's revenue growth forecast for 2024-2025?

(NASDAQ: OKTA) Okta's forecast annual revenue growth rate of 31.31% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 8.39%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 9.35%.

Okta's revenue in 2023 is $1,858,000,000.On average, 9 Wall Street analysts forecast OKTA's revenue for 2024 to be $387,829,771,959, with the lowest OKTA revenue forecast at $382,235,988,029, and the highest OKTA revenue forecast at $394,106,771,066.

In 2025, OKTA is forecast to generate $499,825,287,414 in revenue, with the lowest revenue forecast at $496,589,047,446 and the highest revenue forecast at $503,061,527,381.

What is OKTA's forecast return on assets (ROA) for 2024-2025?

(NASDAQ: OKTA) forecast ROA is -6.07%, which is lower than the forecast US Software - Infrastructure industry average of 20.18%.

What is OKTA's Price Target?

According to 39 Wall Street analysts that have issued a 1 year OKTA price target, the average OKTA price target is $91.62, with the highest OKTA stock price forecast at $175.00 and the lowest OKTA stock price forecast at $45.00.

On average, Wall Street analysts predict that Okta's share price could reach $91.62 by Mar 17, 2024. The average Okta stock price prediction forecasts a potential upside of 11.33% from the current OKTA share price of $82.29.

What is OKTA's Earnings Per Share (EPS) forecast for 2024-2025?

(NASDAQ: OKTA) Okta's current Earnings Per Share (EPS) is -$5.16. On average, analysts forecast that OKTA's EPS will be -$5.21 for 2024, with the lowest EPS forecast at -$5.56, and the highest EPS forecast at -$4.75. In 2025, OKTA's EPS is forecast to hit -$3.50 (min: -$3.50, max: -$3.50).

What is OKTA's forecast return on equity (ROE) for 2024-2025?

(NASDAQ: OKTA) forecast ROE is -10.33%, which is considered weak.
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