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

Analyst price target for OKTA

Based on 27 analysts offering 12 month price targets for Okta Inc.
Min Forecast
$70.00-33.28%
Avg Forecast
$101.30-3.45%
Max Forecast
$140.00+33.43%

Should I buy or sell OKTA stock?

Based on 27 analysts offering ratings for Okta Inc.
Buy
Strong Buy
7 analysts 25.93%
Buy
6 analysts 22.22%
Hold
14 analysts 51.85%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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OKTA stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-02-29
lockedlocked$00.00+00.00%2024-02-29
lockedlocked$00.00+00.00%2024-02-29
lockedlocked$00.00+00.00%2024-02-29
lockedlocked$00.00+00.00%2024-02-29
Bank of America
Bottom 20%
20
Strong BuyUpgrades$135.00+28.67%2024-02-29
Mizuho
Top 6%
95
HoldMaintains$105.00+0.08%2024-02-29
Goldman Sachs
Top 14%
87
Strong BuyMaintains$120.00+14.37%2024-02-29
Truist Securities
Bottom 6%
6
HoldReiterates$105.00+0.08%2024-02-29
Piper Sandler
Top 2%
99
HoldMaintains$110.00+4.84%2024-02-29

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Forecast return on equity

Is OKTA forecast to generate an efficient return?
Company
N/A
Industry
45%
Market
37.5%

Forecast return on assets

Is OKTA forecast to generate an efficient return on assets?
Company
N/A
Industry
22.79%

OKTA revenue forecast

What is OKTA's revenue in the next 3 years based on estimates from 14 analysts?
Avg 1 year Forecast
$2.5B+9.66%
Avg 2 year Forecast
$2.8B+22.97%
Avg 3 year Forecast
$3.1B+38.5%
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
11.18%
Industry
11.75%
Market
10.52%
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$104.92$101.30-3.45%Buy
HOOD$20.01$16.40-18.04%Hold
GDDY$122.08$130.55+6.93%Buy
AKAM$109.63$121.55+10.87%Buy
CHKP$164.15$171.14+4.26%Buy

Okta Stock Forecast FAQ

Is Okta Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 27 Wall Street analysts covering (NASDAQ: OKTA) stock is to Buy OKTA stock.

Out of 27 analysts, 7 (25.93%) are recommending OKTA as a Strong Buy, 6 (22.22%) are recommending OKTA as a Buy, 14 (51.85%) are recommending OKTA as a Hold, 0 (0%) are recommending OKTA as a Sell, and 0 (0%) 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 revenue growth forecast for 2025-2027?

(NASDAQ: OKTA) Okta's forecast annual revenue growth rate of 11.18% is not forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 11.75%, and while it is forecast to beat the US market's average forecast revenue growth rate of 10.52%.

Okta's revenue in 2024 is $2,263,000,000.On average, 14 Wall Street analysts forecast OKTA's revenue for 2025 to be $415,395,725,190, with the lowest OKTA revenue forecast at $378,819,779,869, and the highest OKTA revenue forecast at $419,336,589,202. On average, 14 Wall Street analysts forecast OKTA's revenue for 2026 to be $465,835,168,757, with the lowest OKTA revenue forecast at $421,003,864,945, and the highest OKTA revenue forecast at $479,798,770,505.

In 2027, OKTA is forecast to generate $524,650,496,771 in revenue, with the lowest revenue forecast at $521,887,439,199 and the highest revenue forecast at $527,709,345,131.

What is OKTA's forecast return on assets (ROA) for 2025-2027?

(NASDAQ: OKTA) forecast ROA is N/A, which is lower than the forecast US Software - Infrastructure industry average of 22.79%.

What is OKTA's Price Target?

According to 27 Wall Street analysts that have issued a 1 year OKTA price target, the average OKTA price target is $101.30, with the highest OKTA stock price forecast at $140.00 and the lowest OKTA stock price forecast at $70.00.

On average, Wall Street analysts predict that Okta's share price could fall to $101.30 by Feb 28, 2025. The average Okta stock price prediction forecasts a potential downside of 3.45% from the current OKTA share price of $104.92.

What is OKTA's forecast return on equity (ROE) for 2025-2027?

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