Okta (NASDAQ:OKTA) Price Target Raised to $200.00 at Robert W. Baird

Okta (NASDAQ:OKTA) had its target price increased by analysts at Robert W. Baird from $185.00 to $200.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 4.53% from the company’s current price.

Other equities analysts also recently issued research reports about the company. New Street Research set a $200.00 target price on Okta in a report on Thursday, August 27th. Jefferies Financial Group upped their price objective on shares of Okta from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. BMO Capital Markets boosted their price target on shares of Okta from $168.00 to $187.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Evercore reiterated an “outperform” rating and set a $185.00 target price on shares of Okta in a report on Thursday, August 27th. Finally, Royal Bank Of Canada increased their target price on Okta from $166.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Okta has an average rating of “Moderate Buy” and a consensus target price of $177.08.

Okta Trading Up 4.9%

OKTA stock opened at $191.33 on Tuesday. The stock has a market capitalization of $33.45 billion, a price-to-earnings ratio of 115.26, a PEG ratio of 5.67 and a beta of 0.79. The firm’s 50-day moving average price is $154.59 and its two-hundred day moving average price is $116.61. Okta has a 12-month low of $62.66 and a 12-month high of $192.59.

Okta (NASDAQ:OKTA) last posted its earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.09. Okta had a return on equity of 4.50% and a net margin of 9.63%.The company had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $793.00 million. During the same period last year, the firm earned $0.91 earnings per share. Okta’s quarterly revenue was up 10.6% on a year-over-year basis. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. Equities analysts predict that Okta will post 1.92 EPS for the current year.

Insider Buying and Selling at Okta

In other Okta news, insider Eric Kelleher sold 2,549 shares of Okta stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $168.55, for a total transaction of $429,633.95. Following the transaction, the insider owned 17,069 shares of the company’s stock, valued at $2,876,979.95. The trade was a 12.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 68,936 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $146.62, for a total transaction of $10,107,396.32. Following the sale, the chief executive officer owned 38,484 shares in the company, valued at $5,642,524.08. The trade was a 64.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 151,485 shares of company stock worth $23,414,433 in the last three months. 4.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Okta

Several institutional investors and hedge funds have recently modified their holdings of the stock. SHP Wealth Management bought a new stake in Okta in the 4th quarter valued at $27,000. Washington Trust Advisors Inc. increased its stake in Okta by 64.2% during the second quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock worth $27,000 after acquiring an additional 77 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Okta by 279.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 296 shares of the company’s stock valued at $40,000 after acquiring an additional 218 shares during the period. Assetmark Inc. grew its stake in shares of Okta by 81.1% during the first quarter. Assetmark Inc. now owns 719 shares of the company’s stock valued at $57,000 after buying an additional 322 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in shares of Okta by 1,265.5% during the first quarter. SJS Investment Consulting Inc. now owns 751 shares of the company’s stock valued at $59,000 after acquiring an additional 696 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Needham raised its price target to $230 from $200 and maintained a Buy rating. Analyst Mike Cikas cited momentum in AI-agent security, identity governance and the potential for Okta to monetize AI-agent activity. The new target implies additional upside from the stock’s recent $191.33 level. Needham Just Upped Its Price Target on OKTA Stock. Here’s Why.
• Positive Sentiment: Analysts continue to view Okta as a potential leader in AI-driven identity and agent governance. Robert W. Baird initiated coverage with a Buy rating, pointing to Okta’s positioning as businesses deploy AI agents that require authentication, access controls and oversight. Okta Initiated at Buy on Emerging Leadership in AI-Driven Identity and Agent Governance Opportunity
• Positive Sentiment: Okta shares benefited from broader cybersecurity-sector strength. Investor concerns about AI-related safety risks have boosted demand for cybersecurity stocks, while Okta’s upcoming Oktane conference has increased attention on its identity-security and AI-agent strategy. Cybersecurity Stocks Extend Gains on AI Safety Warnings
• Neutral Sentiment: Comparisons with Digital Turbine provide sector and valuation context but do not represent a material change to Okta’s fundamentals or outlook. Comparing Okta and Digital Turbine
• Negative Sentiment: Valuation remains a risk. Okta has risen sharply since March, and commentators warn that its premium valuation assumes meaningful AI monetization despite limited proof of near-term financial contribution. Bernstein also downgraded the stock to Market Perform from Outperform. CrowdStrike and Okta Trade at Big Premiums Despite Unproven AI Payoff

About Okta

Okta, Inc provides cloud-based identity and access management solutions for organizations. Its platform helps businesses securely connect employees, customers, partners and applications while managing authentication, authorization and user access across cloud, on-premises and mobile environments.

The company’s offerings include single sign-on, multifactor authentication, adaptive access controls, lifecycle management, identity governance and privileged access capabilities. Through its Customer Identity Cloud, powered by Auth0, Okta also provides tools for developers and businesses to embed authentication and authorization features into applications and digital services.

Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta completed its initial public offering in 2017.