Okta | OKTA Stock Price, Company Overview & News (2024)

FAQs

Is Okta a good stock to buy now? ›

Okta has a consensus rating of Moderate Buy which is based on 11 buy ratings, 16 hold ratings and 0 sell ratings.

Based on short-term price targets offered by 33 analysts, the average price target for Okta comes to $110.61. The forecasts range from a low of $70.00 to a high of $140.00. The average price target represents an increase of 17.63% from the last closing price of $94.03.

According to our Okta stock prediction for 2025, OKTA stock will be priced at $ 129.33 in 2025. This forecast is based on the stock's average growth over the past 10 years.

According to the 31 analysts' twelve-month price targets for Okta, the average price target is $105.58. The highest price target for OKTA is $140.00, while the lowest price target for OKTA is $70.00. The average price target represents a forecasted upside of 11.11% from the current price of $95.02.

Top Competitors and Alternatives of Okta

The top three of Okta's competitors in the Single Sign-On (SSO) category are OneLogin with 41.26%, OneAll with 21.75%, AWS Single Sign-On with 5.33% market share.

User experience limitations: While Okta provides a user-friendly interface, some users may find the user experience less intuitive or visually appealing compared to other identity and access management solutions.

Software companies Okta Inc. and Atlassian Corp. have been added to the list of “zombie” stocks compiled by equity research firm New Constructs.

Overall, Okta's popularity for authentication and authorization is driven by how it changed cloud-based IAM for the better––with its ease of use, flexibility and integration features for the diversity of applications used today, and robust security features.

OKTA Stock Overview. Operates as an identity partner in the United States and internationally. Flawless balance sheet and undervalued.

Is Okta in demand? ›

Okta is the world's number one identity platform because it effectively secures access to on-prem apps and protects cloud apps, infrastructure and APIs. Okta's identity solutions also: Enables companies to adopt a zero-trust security model. Centralizes IAM and enable day-one access to improve M&A agility.

OKTA IV Percentile Rank

OKTA implied volatility (IV) is 33.5, which is in the 22% percentile rank. This means that 22% of the time the IV was lower in the last year than the current level. The current IV (33.5) is 12.9% above its 20 day moving average (29.7) indicating implied volatility is trending higher.

Out of 19 analysts, 5 (26.32%) are recommending OKTA as a Strong Buy, 6 (31.58%) are recommending OKTA as a Buy, 8 (42.11%) are recommending OKTA as a Hold, 0 (0%) are recommending OKTA as a Sell, and 0 (0%) are recommending OKTA as a Strong Sell. If you're new to stock investing, here's how to buy Okta stock.

Okta Cl A (OKTA)

The company reported 195% earnings growth in its most recent report, while sales growth came in at 19%. Okta Cl A holds the No. 7 rank among its peers in the Computer Software-Security industry group.

The ownership structure of Okta (OKTA) stock is a mix of institutional, retail and individual investors. Approximately 48.51% of the company's stock is owned by Institutional Investors, 3.82% is owned by Insiders and 47.67% is owned by Public Companies and Individual Investors.

The Okta Integration Network Software Market is poised for substantial growth in the coming years, driven by several key strategies and factors. Market players are increasingly focusing on product innovation and development to meet evolving consumer demands and preferences.

Microsoft customers also choose Okta for identity because of its strong partnership and broad integration with Microsoft products including Office 365, Windows 10, Azure Active Directory, SharePoint, and Intune. Okta's cloud-based identity solution works great with Microsoft and other technology vendors.