Analysts raise target prices for octa: rising purchase recommendations expected!

Analysts raise target prices for octa: rising purchase recommendations expected!

In the world of technology shares, Okta, a leading company, ensures a breath of fresh air. On June 1, 2025, Westpark Capital again confirmed the "Buy" rating for the Okta (Nasdaq: Okta) share. The goal for the share was set by analysts to $ 140.00, which means that there is a potential upside of proud 36.19% compared to the last closing price. This positive assessment is also borne by JPMorgan Chase & Co., which raised their target price from $ 120.00 to $ 140.00 and classified the share as a "overweight". The investors are therefore required to look closely here, because the key figures show that octa remains attractive.

The company's latest quarterly figures are promising. Okta reported on a profit per share of $ 0.86, which exceeds the market forecasts of $ 0.77. Sales rose to $ 688 million, which corresponds to an 11.5 percent increase in sales compared to the previous year. These results reaffirm the conviction of the analysts, who often provide OKTA with positive ratings. RBC Capital Markets, as well as UBS on May 28, pronounced a purchase recommendation, including other solid reviews from other major financial institutions such as Deutsche Bank and Roth Capital Partners.

analyst reviews and price development

Analysts expect a profit per share of $ 0.42 for the current financial year. It should also be noted that Okta has gone through a variety of financial analyzes, and a total of 1 analyst rated the share with "Sell", while 14 analysts on "Hold" and 20 agree on "Buy". This results in a consensus assessment of "moderate buy" with an average target price of $ 121.59. This shows that the market participants look forward to developments in Okta in the coming months.

Insider activities and institutional interest

Another exciting detail is the company's insider activities. The Chief Revenue Officer, Jonathan James Addison, sold 7,005 shares on Tuesday at an average price of $ 101.19. Director Jacques Frederic Kerrest also carried out sales activities and sold 130,000 shares at a price of USD $ 105.00. In total, 154,452 stocks of insiders were sold in the last quarter, which attracts the attention of investors. However, it should be noted that insiders keep almost 5.68% of the company shares, while institutional investors have 86.64% of the OKTA shares - this speaks for the great trust of these investors in the company's strategy.

octa remains an important player in the field of identity management solutions, including offers such as single sign-on and multi-factor authentication. Analyst views and the performance of the stock indicate that there are still exciting developments to be expected, and investors will surely keep an eye on the next steps from OKTA. Marketbeat href = "https://de.marketScreener.com/kurs/akta-3455329/analystenerwartungen/"> MarketCreener and Investing "