Okta (NASDAQ:OKTA) Given New $136.00 Price Target at BTIG Research

25 Jun 2026, 12:12 by Kim Johansen · The Markets Daily

Okta (NASDAQ:OKTA – Get Free Report) had its price target lifted by analysts at BTIG Research from $119.00 to $136.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price objective points to a potential upside of 14.69% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Okta from $103.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Morgan Stanley lifted their price objective on Okta from $101.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. HSBC upgraded Okta to a “buy” rating in a research note on Thursday, April 16th. Susquehanna raised their target price on Okta from $80.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, Wall Street Zen cut Okta from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Okta presently has a consensus rating of “Moderate Buy” and an average price target of $115.97.

Get Our Latest Report on Okta

Okta Trading Up 0.4%

Shares of NASDAQ OKTA opened at $118.58 on Thursday. Okta has a 12 month low of $62.66 and a 12 month high of $142.35. The company has a 50 day simple moving average of $95.70 and a two-hundred day simple moving average of $87.81. The stock has a market cap of $20.61 billion, a price-to-earnings ratio of 85.93, a PEG ratio of 4.28 and a beta of 0.80.

Okta (NASDAQ:OKTA – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The business had revenue of $765.00 million for the quarter, compared to the consensus estimate of $751.84 million. Okta had a net margin of 8.24% and a return on equity of 4.15%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. Okta has set its FY 2027 guidance at 3.790-3.870 EPS and its Q2 2027 guidance at 0.950-0.970 EPS. Analysts forecast that Okta will post 1.74 EPS for the current year.

Insiders Place Their Bets

In other news, insider Eric Robert Kelleher sold 3,977 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $114.10, for a total transaction of $453,775.70. Following the sale, the insider directly owned 19,618 shares of the company’s stock, valued at $2,238,413.80. This represents a 16.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shellye L. Archambeau sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $85.00, for a total value of $212,500.00. Following the sale, the director owned 9,192 shares in the company, valued at $781,320. This trade represents a 21.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 114,074 shares of company stock valued at $13,128,242. Insiders own 4.61% of the company’s stock.

Institutional Trading of Okta

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Okta during the 1st quarter valued at approximately $225,000. NewEdge Advisors LLC increased its holdings in Okta by 853.4% in the 1st quarter. NewEdge Advisors LLC now owns 5,530 shares of the company’s stock worth $582,000 after acquiring an additional 4,950 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Okta during the second quarter worth $244,000. Invesco Ltd. raised its position in Okta by 34.1% during the second quarter. Invesco Ltd. now owns 430,844 shares of the company’s stock worth $43,071,000 after acquiring an additional 109,614 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Okta by 122.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,621 shares of the company’s stock valued at $162,000 after purchasing an additional 893 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

More Okta News

Here are the key news stories impacting Okta this week:

Positive Sentiment: Needham raised its price target on Okta to $140 from $120 and reiterated a Buy rating, signaling confidence that the stock still has room to run. Benzinga coverage of Needham’s price target increase
Positive Sentiment: Okta expanded its Cross App Access ecosystem to secure AI agent connections, which supports the company’s growth narrative as enterprises spend more on AI-related security tools. Okta expands Cross App Access ecosystem to secure AI agent connections
Positive Sentiment: Shareholders approved changes to Okta’s 2017 equity plan and backed the governance slate at the annual meeting, removing a potential overhang and suggesting broad shareholder support. Okta Stockholders Approve Equity Plan Changes, Governance Slate
Neutral Sentiment: Wells Fargo kept a Hold rating, while broader analyst sentiment remains “Moderate Buy,” which supports the stock but does not represent a major new catalyst. Wells Fargo Sticks to Their Hold Rating for Okta (OKTA)
Neutral Sentiment: Okta continues to attract investor attention as a trending stock, which may boost trading volume but does not materially change fundamentals. Here is What to Know Beyond Why Okta, Inc. (OKTA) is a Trending Stock
Negative Sentiment: Insiders Larissa Schwartz and Eric Robert Kelleher sold shares in pre-arranged Rule 10b5-1 transactions. The sales were routine, but insider selling can still make some investors cautious. Larissa Schwartz insider sale details

Okta Company Profile

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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.