Okta (OKTA) Stock Overview
Operates as an identity partner in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for OKTA from our risk checks.
OKTA Community Fair Values
Create NarrativeSee what 221 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
US$147.87
FV
44.8% undervalued intrinsic discount3.9k
users have viewed this narrative11users have liked this narrative
7users have commented on this narrative
82users have followed this narrative
Okta, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$81.69 |
| 52 Week High | US$127.57 |
| 52 Week Low | US$62.66 |
| Beta | 0.59 |
| 1 Month Change | 29.81% |
| 3 Month Change | -7.64% |
| 1 Year Change | -34.21% |
| 3 Year Change | 4.22% |
| 5 Year Change | -63.68% |
| Change since IPO | 247.47% |
Recent News & Updates
Narrative Update • May 09
OKTA: AI Agent Identity And Q4 Execution Will Drive Repricing
Narrative Update The analyst price target for Okta is now slightly lower at about $100. Many analysts cite mixed signals between strong Q4 execution, growing interest in Okta's role in securing AI agents, and sector wide multiple compression as the key drivers behind their revised assumptions.Seeking Alpha • May 07
Okta: An Oversold Victim Of The 'SaaSapocalypse' Focused On Agentic AI
Summary Okta, Inc. appears significantly oversold despite its unique positioning as the independent identity and access management layer for the emerging era of autonomous AI agents. Management reports that Okta contracts including new agentic solutions drive a 40 percent uplift in value as organizations prioritize securing non-human identities. Okta maintains a strategic advantage through vendor neutrality allowing it to secure complex workflows across diverse cloud ecosystems without platform lock-in. Growth in remaining performance obligations suggests robust demand for Okta despite conservative guidance and analyst skepticism regarding the recent partner ecosystem pivot. While stock-based compensation remains elevated the current valuation for Okta provides a compelling entry point for investors anticipating a renaissance in the software sector. Read the full article on Seeking AlphaNarrative Update • Apr 21
OKTA: AI Agent Identity Leadership And Q4 Execution Will Drive Repricing
The analyst price target for Okta has been adjusted slightly lower to reflect a new fair value of about $100.28 per share, as analysts balance modestly higher discount rate assumptions with supportive research that highlights solid Q4 execution, improving go-to-market progress, and growing interest in Okta's role in securing AI agents. Analyst Commentary Recent research on Okta offers a mix of optimism and caution, with many firms adjusting price targets while reaffirming their broader views on the company.Recent updates
Narrative Update • May 09
OKTA: AI Agent Identity And Q4 Execution Will Drive Repricing
Narrative Update The analyst price target for Okta is now slightly lower at about $100. Many analysts cite mixed signals between strong Q4 execution, growing interest in Okta's role in securing AI agents, and sector wide multiple compression as the key drivers behind their revised assumptions.Seeking Alpha • May 07
Okta: An Oversold Victim Of The 'SaaSapocalypse' Focused On Agentic AI
Summary Okta, Inc. appears significantly oversold despite its unique positioning as the independent identity and access management layer for the emerging era of autonomous AI agents. Management reports that Okta contracts including new agentic solutions drive a 40 percent uplift in value as organizations prioritize securing non-human identities. Okta maintains a strategic advantage through vendor neutrality allowing it to secure complex workflows across diverse cloud ecosystems without platform lock-in. Growth in remaining performance obligations suggests robust demand for Okta despite conservative guidance and analyst skepticism regarding the recent partner ecosystem pivot. While stock-based compensation remains elevated the current valuation for Okta provides a compelling entry point for investors anticipating a renaissance in the software sector. Read the full article on Seeking AlphaNarrative Update • Apr 21
OKTA: AI Agent Identity Leadership And Q4 Execution Will Drive Repricing
The analyst price target for Okta has been adjusted slightly lower to reflect a new fair value of about $100.28 per share, as analysts balance modestly higher discount rate assumptions with supportive research that highlights solid Q4 execution, improving go-to-market progress, and growing interest in Okta's role in securing AI agents. Analyst Commentary Recent research on Okta offers a mix of optimism and caution, with many firms adjusting price targets while reaffirming their broader views on the company.Narrative Update • Apr 07
OKTA: AI Agent Identity Demand And 90 Day Catalyst Watch Will Drive Repricing
Narrative Update On Okta The analyst price target has been reset from about $112.55 to roughly $100.93, as analysts factor in mixed target revisions across the Street alongside expectations for steadier revenue growth, slightly higher margins, and a lower future P/E multiple following Okta's recent Q4 results and its AI identity positioning. Analyst Commentary Street research on Okta clusters around two themes: how fast growth can improve from here, and what investors should pay for that growth as market multiples reset.
Narrative Update • Mar 24
OKTA: Identity Securing AI Agents Will Drive Future Upside
Okta's analyst price target edges slightly lower to $133.38 from $133.87, as analysts weigh stronger identity and AI agent tailwinds and improving go to market execution against lower sector multiples and more tempered valuation assumptions. Analyst Commentary Bullish analysts are highlighting a mix of execution, product traction, and identity led AI themes as key supports for their positive stance on Okta, even as several firms trim targets to reflect lower sector multiples.Narrative Update • Mar 09
OKTA: Identity For AI Agents And Strong Q4 Execution Will Drive Upside
The analyst fair value estimate for Okta has moved from $145.00 to about $133.87, reflecting a mix of slightly softer modeled revenue growth, a higher discount rate, and lower assumed future P/E multiples, even as analysts highlight solid Q4 execution, growing traction in AI agent use cases, and ongoing confidence in identity as a core part of AI adoption. Analyst Commentary Street research around Okta after the Q4 print has been broadly constructive, even with several target cuts, as many firms point to solid execution, improving sales productivity, and growing demand tied to AI agents and newer products such as Governance.Narrative Update • Feb 23
OKTA: Cybersecurity Demand And 90 Day Catalyst Watch Will Drive Repricing
Analysts have slightly reduced their Okta fair value estimate by about $1 to $112.55, as lower sector valuation multiples and AI related sentiment have led to lower price targets, even though checks on Okta's business and profitability assumptions remain generally intact. Analyst Commentary Recent research on Okta reflects a mix of optimism about the company’s execution and caution around sector wide repricing and AI related sentiment.Narrative Update • Feb 08
OKTA: Cybersecurity Demand And 90 Day Bookings Catalyst Will Drive Upside
Analysts have lifted their fair value estimate for Okta from $142 to $145, citing expectations for durable cybersecurity growth, a potential 90 day bookings catalyst, and scenario analysis around remaining performance obligation trends that affects revenue and P/E assumptions. Analyst Commentary Recent Street research on Okta highlights a mix of optimism and caution, with several bullish analysts pointing to potential upside tied to cybersecurity demand, bookings performance, and remaining performance obligation trends that flow through to revenue and P/E assumptions.Narrative Update • Jan 25
OKTA: Cybersecurity Demand And 90 Day Catalyst Watch Will Support Premium Performance
Narrative Update on Okta Our analyst price target for Okta edges higher by about US$1, supported by slightly lower discount rate assumptions and steady growth and profitability expectations that align with recent research pointing to durable cybersecurity demand and potential near term bookings strength. Analyst Commentary Recent Street research on Okta reflects a mix of optimism about growth and execution along with caution around near term expectations and valuation sensitivity ahead of key earnings events.Narrative Update • Jan 11
OKTA: Future Identity Demand And RPO Resilience Will Support Premium Performance
Our analyst price target for Okta has been adjusted slightly higher from US$112.62 to US$113.02, as analysts factor in more measured expectations around remaining performance obligation growth following Barclays' recent reduction of its target to US$95 ahead of the December 2 earnings report. Analyst Commentary Recent adjustments to Okta’s price targets reflect a more cautious stance around growth expectations, especially heading into the December 2 earnings report.Narrative Update • Dec 25
OKTA: Future Identity Demand And Data Compliance Will Drive Premium Performance
Narrative Update on Okta The analyst price target for Okta has been reduced by $1 to approximately $112.62 as analysts factor in slightly higher discount rates and more conservative assumptions around remaining performance obligation growth ahead of upcoming earnings. Analyst Commentary Recent commentary reflects a more balanced stance on Okta, with modestly reduced expectations for near term growth but a continued focus on execution into the upcoming earnings report.Narrative Update • Dec 11
OKTA: Future Identity Data Compliance And AI Security Will Drive Performance
Analysts have modestly reduced their price target on Okta, trimming fair value estimates by about $7 to reflect slightly slower projected revenue growth and a lower future earnings multiple, even as profit margin expectations edge higher. Analyst Commentary Bullish Takeaways Bullish analysts note that management's guidance still implies solid mid-teens top-line expansion over the medium term, which supports a premium to slower-growing security peers despite the lower price target.Analysis Article • Dec 10
Solid Earnings Reflect Okta's (NASDAQ:OKTA) Strength As A Business
Okta, Inc.'s ( NASDAQ:OKTA ) strong earnings report was rewarded with a positive stock price move. We have done some...Narrative Update • Nov 27
OKTA: Future Performance Will Benefit From Growing Identity Data Compliance Demand
Narrative Update on Okta Analysts have slightly reduced Okta's fair value estimate from $120.37 to $118.80, citing moderated expectations for the company's near-term growth and updated revenue forecasts. Analyst Commentary Bullish Takeaways Bullish analysts see the potential for upside in Okta’s remaining performance obligations, suggesting that third quarter growth could reach 13 percent year-over-year if demand outperforms baseline assumptions.Narrative Update • Sep 27
Cloud Migration And AI Security Will Reshape Identity Markets
Despite strong Q2 results and improved guidance driven by robust demand and enterprise traction, mixed analyst sentiment—balancing enhanced profitability with caution around long-term growth and valuation—led to a slight reduction in Okta’s consensus price target from $120.92 to $120.37. Analyst Commentary Strong Q2 results with cRPO growth exceeding guidance and upward revisions to full-year revenue outlook, suggesting robust underlying demand and improved execution.Analysis Article • Jun 16
Is Okta, Inc. (NASDAQ:OKTA) Trading At A 31% Discount?
Key Insights Okta's estimated fair value is US$142 based on 2 Stage Free Cash Flow to Equity Okta is estimated to be...New Narrative • May 26
Digital Transformation And AI Will Advance Identity Security
Rising demand for secure, unified identity management fueled by AI, remote work, and growing cybersecurity threats is driving Okta's growth and competitive differentiation.Seeking Alpha • Apr 16
Okta: Market Doesn't Believe Management, But You Should (Rating Downgrade)
Summary Okta has crushed guidance by large magnitudes over recent quarters. I am concerned that investor sentiment may be overly optimistic, expecting large beats against management guidance despite management warning otherwise. With a PEG ratio over 2 times and peers experiencing downward re-ratings, I do not see Okta delivering market-beating returns and thus downgrade it to neutral. Read the full article on Seeking AlphaSeeking Alpha • Mar 31
Okta: Death And Resurrection
Summary Today, I'll provide a unique take on Okta, Inc.'s current business performance and prospects with the help of Palo Alto Networks. In 2017-2018, Palo Alto Networks was seen in a similar light to the way investors have come to view Okta. However, after evolving its platform and accelerating growth, investors shifted their perspective on Palo Alto Networks. I argue that Okta has taken and continues to take the necessary steps to reenter the good graces of investors and the market. And, through this process, it could experience a Palo Alto Networks-like resurrection in the years ahead. In short, I like Okta at $104/share. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
Okta: A Cash-Rich SaaS Stock With Underrated Growth Potential
Summary I love that Okta holds over $2.1 billion in cash—giving it flexibility and stability. At 18x forward free cash flow, Okta’s valuation looks compelling for a SaaS leader. I see room for revenue growth to reaccelerate beyond management’s conservative guidance. Okta’s improving margins could drive nearly $1 billion in free cash flow, making this a strong setup. Read the full article on Seeking AlphaSeeking Alpha • Mar 04
Okta Q4: Enterprise Business Is Booming, Even Management Is Surprised
Summary Okta's Q4 FY25 earnings saw its revenue and earnings grow 13% and 30% earnings YoY respectively, surpassing analyst estimates and driving the stock up 16%. During the quarter, Okta saw its cRPO grow at an even higher pace compared to Q3, driven by the accelerating momentum in its $100K+ and $1M+ ACV customers. For FY26, the management remains committed to investing in ongoing product innovation, where its portfolio of new products has seen growing adoption along with the help from a targeted GTM strategy. Although NRR declined for the 3rd consecutive quarter, while FY26 revenue estimates came lower than my expectations, I believe directionally, OKTA is on the right track, reiterating my “buy” rating. Read the full article on Seeking AlphaSeeking Alpha • Jan 31
Okta: Cybersecurity Leader In IAM Submarket
Summary Okta's market share in cybersecurity increased from 0.3% to 1.2% (2017-2024) due to its strong R&D investment and focus on IAM. Okta's competitive pricing and extensive feature set, second only to Microsoft, enhance its market position and customer adoption. Strategic partnerships and high customer ratings drive Okta's popularity, with a focus on acquiring larger, high-value customers. We rate Okta as a Strong Buy based on its competitive edge and growth prospects in IAM. Read the full article on Seeking Alpha
New Narrative • Jan 20
Good foundation, but now it's all about the next steps
Okta was founded in 2009 by Todd McKinnon (CEO) and Frederic Kerrest with a vision to fundamentally improve the world of identity and access management (IAM). The company has established itself in a hSeeking Alpha • Jan 15
Okta: Mind The GAAP
Summary Many tech stocks have reached lofty valuations, but Okta has been left out. Investors may be disappointed with management's preliminary guidance for the upcoming year. Investors may be underestimating the company's entry into GAAP profitability. Okta looks like a solid opportunity in a frothy market. Read the full article on Seeking AlphaSeeking Alpha • Dec 30
Okta's Breakout Imminent - Wait Out The Near-Term Customer Retention Issues
Summary OKTA has continued to report robust performance metrics across growing multi-year RPO and adj subscription gross margin, with it implying the growing customer demand and its excellent pricing power. If anything, the cybersecurity company has reported an impressive 3Y CAGR of +70.9% in the $1M+ Annual Contract Value customers, from $200M in FQ4'22 to $1B in FQ3'25. Combined with the "hundreds of millions of dollars of pipeline" from the Octane event, we believe that OKTA's sell off has been overly done. Despite the near-term customer retention issues, the new upsell/ cross sell activities are likely to drive new growth opportunities and a potential bottoming soon. With OKTA still painfully discounted compared to historical trends and its peers, we are looking at a rich double digits capital appreciation opportunity ahead. Read the full article on Seeking AlphaSeeking Alpha • Dec 16
Okta: You Should Be Thankful It's Still So Cheap
Summary Okta stock has underperformed the market recently as it struggled to replicate its early 2024 momentum. Okta has revised its go-to-market strategies to target enterprise and government customers. While the recent gains are constructive, the market is likely awaiting more developments to validate its approach. Okta faces intense competition against Microsoft, while IT spending headwinds could affect near-term buying sentiments. I argue why investors have already baked in significant pessimism, as its well-battered PEG ratio highlights a solid buying opportunity. Read the full article on Seeking AlphaSeeking Alpha • Dec 10
Okta: Growth Outlook Has Gotten Better
Summary I maintain a buy rating for Okta stock due to strong operational metrics, improved growth outlook, and successful partner-led strategy. 3Q25 earnings exceeded expectations with 14% y/y revenue growth and improved EBIT margins, leading to an upward revision of FY25 guidance. New products and partners-led GTM strategy should continue to drive growth. Read the full article on Seeking AlphaSeeking Alpha • Dec 04
Okta Earnings: Conservative Guidance Leaves Room For Upside
Summary Okta's fiscal 2026 guidance suggests a shift from high growth, but at 19x forward free cash flow, it remains a compelling buy. Despite past conservative guidance, Okta's fiscal 2026 revenue growth is expected to reach 10% y/y, with analysts likely to raise estimates. Okta's robust financials include $700 million in FY25 free cash flow and a potential 29% margin in FY26, highlighting strong profitability. Investment risks include potential customer demand slowdowns and conservative guidance, but OKTA's consistent outperformance and solid balance sheet mitigate these concerns. Read the full article on Seeking AlphaSeeking Alpha • Nov 07
Okta: The Underdog's Advantage
Summary Okta's stock is approximately 31% undervalued, with strong revenue growth, positive cash flows, and a consistent share count. Okta excels in secure user authentication and identity management, competing effectively against Microsoft with superior reliability, ease of use, and integration capabilities. Despite negative EBITDA, Okta's aggressive R&D investment and declining SG&A ratio indicate the potential for improved profitability and sustained revenue growth. Read the full article on Seeking AlphaShareholder Returns
| OKTA | US IT | US Market | |
|---|---|---|---|
| 7D | 5.8% | -5.0% | 2.6% |
| 1Y | -34.2% | -8.3% | 26.2% |
Return vs Industry: OKTA underperformed the US IT industry which returned -8.3% over the past year.
Return vs Market: OKTA underperformed the US Market which returned 26.2% over the past year.
Price Volatility
| OKTA volatility | |
|---|---|
| OKTA Average Weekly Movement | 8.7% |
| IT Industry Average Movement | 10.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: OKTA has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: OKTA's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 6,366 | Todd McKinnon | www.okta.com |
Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization’s cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform’s secure access management to the device login experience; Universal Directory for a cloud-based system of record. The company also provides Identity Threat Protection; Identity Security Posture Management for security measures and safeguards digital assets; Okta for AI Agents to discover, register, authenticate, govern, and manage AI Agents; Identity Governance and Administration products, including Lifecycle Management, Okta Workflows, Okta Identity Governance, and Cross App Access; Advanced Server Access for continuous and contextual access management to secure cloud infrastructure; and Okta Privileged Access to reduce risk with unified access and governance management.
Okta, Inc. Fundamentals Summary
| OKTA fundamental statistics | |
|---|---|
| Market cap | US$14.84b |
| Earnings (TTM) | US$235.00m |
| Revenue (TTM) | US$2.92b |
61.5x
P/E Ratio5.0x
P/S RatioIs OKTA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OKTA income statement (TTM) | |
|---|---|
| Revenue | US$2.92b |
| Cost of Revenue | US$661.00m |
| Gross Profit | US$2.26b |
| Other Expenses | US$2.02b |
| Earnings | US$235.00m |
Last Reported Earnings
Jan 31, 2026
Next Earnings Date
May 28, 2026
| Earnings per share (EPS) | 1.33 |
| Gross Margin | 77.36% |
| Net Profit Margin | 8.05% |
| Debt/Equity Ratio | 5.0% |
How did OKTA perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 06:52 |
| End of Day Share Price | 2026/05/11 00:00 |
| Earnings | 2026/01/31 |
| Annual Earnings | 2026/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Okta, Inc. is covered by 62 analysts. 43 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ellie Bagshaw | Arete Research Services LLP |
| Shrenik Kothari | Baird |
| Saket Kalia | Barclays |