Citizens JMP Reiterates Market Perform Rating on Okta, Inc (OKTA)

Citizens JMP analyst Trevor Walsh reiterated a Market Perform rating on Okta, Inc (NASDAQ: OKTA).

The analyst commented, "We maintain our Market Perform rating on Okta, Inc., after the company reported betterthan-expected F2Q26 results, with non-GAAP EPS of $0.93 (consensus $0.84) on revenue of ~$728.0M, up 13% y/y (consensus $711.6M), and non-GAAP operating margin of 27.7% (consensus 25.9%), and CEO Todd McKinnon commented, “Our strategy is to be the onestop shop for identity. That's what customers want. They want fewer identity vendors. Some of these – I work with a large, one of the largest high-tech companies in the world, and they're replacing 50 identity vendors with Okta”; the stock is up ~23% YTD (after trading up ~6% in the aftermarket), versus up ~9.2% for the Russell 3000."

For an analyst ratings summary and ratings history on Okta, Inc click here. For more ratings news on Okta, Inc click here.

Shares of Okta, Inc closed at $91.56 yesterday.

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