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Analysts reiterate buy recommendation for Okta shares: Is the price rising now?
Westpark Capital reiterated a “Buy” rating on Okta with a price target of $140 on September 2, 2025. Analysts expect rising prices.
Analysts reiterate buy recommendation for Okta shares: Is the price rising now?
Okta stock is currently at a high price, and analysts are optimistic about the company's future. How MarketBeat Reports, Westpark Capital recently reiterated a Buy rating on Okta (NASDAQ:OKTA) and set a price target of $140.00. Guggenheim also issued a similar “Buy” rating on August 27, but with a target price of $138.00. These positive assessments are no coincidence. The total of 22 analysts who have examined Okta rate the stock consistently positively, with 22 “Buy”, 13 “Hold” and only 3 “Sell” ratings.
The stock has performed remarkably in the last few trading days. On Wednesday this week, Okta shares rose 0.2% to $92.77 on trading volume of 8,801,243 shares - well above the average volume of 4,455,677. A look at the past 12 months shows that the price fluctuated between $70.56 and $127.57. Currently, the price-to-earnings ratio is 109.14, indicating a high valuation, while the market capitalization is $16.24 billion.
Financial performance and expectations
The latest quarterly figures, published on August 26th, are impressive. Okta posted earnings of $0.91 per share, above expectations of $0.84. Quarterly revenue was a whopping $728 million, exceeding forecasts of $711.84 million. This reflects the company's continued growth, which saw a 12.7% increase in revenue compared to the previous year.
For the 2026 fiscal year, analysts forecast earnings per share of between $3,330 and $3,380. Earnings of $0.740 to $0.750 per share are expected for the third quarter of 2026. These positive trends should help further boost investor confidence. MarketScreener has also made corresponding assessments and thus shows that Okta is on a promising growth path.
Insider Transactions and Institutional Investments
An interesting aspect is the insider transactions. CFO Brett Tighe and CEO Todd McKinnon recently sold shares, raising questions about motivation. In total, insiders have sold 88,594 shares worth $8,382,790 in the last 90 days. However, they still own 5.68% of the shares, and institutional investors hold an impressive 86.64% of the shares. Vanguard Group Inc. increased its stake by 3.4% in the first quarter of 2025, while Wealth Enhancement Advisory Services LLC increased its stake by as much as 52.4% in the fourth quarter.
The analyst ratings are clear: Okta is doing good business in an important segment. Products for managing and securing identities, such as single sign-on and multi-factor authentication, are currently more in demand than ever. At a time when cyber security is a priority, Okta could play a key role. And the rising price targets, such as $119.99 according to analysts at Investing.com, indicate that the company has great expectations going forward.