Scotiabank Issues Pessimistic Forecast for Okta (NASDAQ:OKTA) Stock Price

Posted by Jeff Wilder on Mar 5th, 2026

Okta (NASDAQ:OKTA – Get Free Report) had its target price lowered by research analysts at Scotiabank from $85.00 to $80.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 2.33% from the stock’s current price.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group lowered their target price on shares of Okta from $137.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Okta in a report on Monday, December 1st. BMO Capital Markets dropped their price objective on Okta from $90.00 to $83.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Berenberg Bank reduced their price objective on Okta from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday. Finally, Wall Street Zen raised Okta from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

View Our Latest Analysis on Okta

Okta Stock Performance

NASDAQ:OKTA traded up $6.44 during trading hours on Thursday, hitting $78.18. The company’s stock had a trading volume of 5,624,842 shares, compared to its average volume of 3,160,438. Okta has a 52-week low of $68.77 and a 52-week high of $127.57. The business’s 50-day moving average is $85.40 and its two-hundred day moving average is $87.51. The company has a market capitalization of $13.86 billion, a PE ratio of 71.72, a PEG ratio of 2.81 and a beta of 0.79.

Okta (NASDAQ:OKTA – Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $761.00 million for the quarter, compared to analyst estimates of $749.87 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. As a group, analysts predict that Okta will post 0.42 EPS for the current fiscal year.

Okta declared that its board has authorized a share buyback program on Monday, January 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Brett Tighe sold 10,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $95.07, for a total transaction of $950,700.00. Following the sale, the chief financial officer owned 134,385 shares of the company’s stock, valued at $12,775,981.95. This trade represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Larissa Schwartz sold 1,836 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $83.47, for a total transaction of $153,250.92. Following the completion of the transaction, the insider directly owned 36,328 shares of the company’s stock, valued at $3,032,298.16. The trade was a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,245 shares of company stock valued at $3,385,624 over the last three months. Insiders own 5.68% of the company’s stock.

Hedge Funds Weigh In On Okta

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Okta by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock worth $1,815,956,000 after acquiring an additional 1,074,977 shares during the period. First Trust Advisors LP boosted its holdings in shares of Okta by 28.2% during the fourth quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock worth $521,422,000 after purchasing an additional 1,326,051 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Okta by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock valued at $425,082,000 after purchasing an additional 179,919 shares during the period. Geode Capital Management LLC increased its stake in Okta by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company’s stock valued at $281,246,000 after purchasing an additional 57,605 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Okta by 2.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,495,389 shares of the company’s stock worth $215,776,000 after buying an additional 69,653 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Okta News Roundup

Here are the key news stories impacting Okta this week:

Positive Sentiment: Q4 beat and durable subscription growth — Okta reported Q4 revenue of $761M (up ~11.6% YoY) and EPS that topped estimates, driven by strong subscription adoption and improving profitability; this is the primary catalyst for the intraday rally. OKTA Shares Jump on Solid Q4 Earnings Beat, Revenues Increase Y/Y
Positive Sentiment: Company highlights AI agents as a growth vector — management emphasized AI agent/security opportunities and new partnerships (e.g., PGA) that position Okta as identity infrastructure for agentic AI, supporting the longer-term story. Okta’s stock rallies as momentum in AI agents fuels an earnings beat
Neutral Sentiment: Broader cloud rally is lifting names including OKTA — sector strength today (WCLD and other cloud names) is amplifying Okta’s move alongside company‑specific results. Cloud stocks jump, head for best day in nearly a year despite broad market declines
Neutral Sentiment: Wall Street still split but many firms kept buy/overweight ratings — several analysts reiterated buy stances citing AI/identity positioning even as they trimmed models, which keeps upside case intact for investors focused on long-term secular demand. Okta: Leveraging Identity as Core AI Security Infrastructure to Drive Durable Growth
Negative Sentiment: Near‑term revenue guidance disappointed — Q1 revenue guide ($749M–$753M) came in slightly below Street expectations, and management warned revenue growth will slow, which is a key reason some investors reacted cautiously. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
Negative Sentiment: Analysts trimmed price targets en masse — multiple shops lowered targets (Piper Sandler, Deutsche Bank, Berenberg, Truist, etc.), creating headline risk and capping near‑term upside despite some retained buy ratings. Okta Posts Q4 Beat; Analysts Cut Price Targets For Early AI Agent ‘Leader’
Negative Sentiment: Mixed market reaction after-hours — some outlets noted a modest after‑hours dip as investors digested the softer near‑term guide and the slower growth narrative despite the beat. Okta beats Q4 estimates but shares dip on muted outlook

Okta Company Profile

(Get Free Report)

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.