Okta, Inc (OKTA) PT Lowered to $105 at JPMorgan

Okta cut at BofA as 'future growth overshadowed by near term headwinds'

Bank of America double-downgraded Okta, Inc. (NASDAQ: OKTA) to Underperform from Buy in a note to clients on Thursday, citing significant near-term headwinds that are expected to overshadow the company's future growth potential.

The bank explains that despite reporting better-than-expected second-quarter results, Okta's third-quarter current remaining performance obligations (cRPO) guidance of 9% year-over-year growth fell 200 basis points below expectations, raising concerns about the company's immediate outlook.

The downgrade is largely driven by "continued softness within the SMB segment and new logo... More

TD Cowen Reiterates Hold Rating on Okta, Inc (OKTA)

TD Cowen analyst Shaul Eyal reiterated a Hold rating and $110.00 price target on Okta, Inc (NASDAQ: OKTA).

The analyst comments "Solid Beats On Top and Bottom Line: For 2Q25 (Jul. 24), total rev grew 16% y/y to $646M (2% above cons.), driven by a 17% increase in subscription rev. cRPO of $1,995M (+13% y/y) came in 2% above the consensus $1,958M. With a non-GAAP operating margin of 22.9% (330bps better than cons.), profitability benefited from higher volumes and more stringent... More

Okta, Inc (OKTA) PT Lowered to $90 at Wells Fargo

Wells Fargo analyst Andrew Nowinski lowered the price target on Okta, Inc (NASDAQ: OKTA) to $90.00 (from $100.00) while maintaining a Equal Weight rating.

The analyst comments "OKTA was down ~9% AMC largely due to the CRPO guidance for Q3, which equates to just... More

Evercore ISI Starts Okta, Inc (OKTA) at Outperform

Evercore ISI analyst Kirk Materne initiates coverage on Okta, Inc (NASDAQ: OKTA) with a Outperform rating and a price target of $122.00.

The analyst comments "OKTA delivered strong F2Q results that exceeded expectations, but the 2H rev (specifically the implied F4Q guide) & CRPO guide was disappointing and unexpected, given the positive checks from the quarter (here). While the progress on margins and FCF front helps offset the macro pressures hindering the top line, its likely not enough to excite investors until we get line of sight into the acceleration narrative... More

Okta, Inc (OKTA) PT Lowered to $85 at DA Davidson

DA Davidson analyst Rudy Kessinger lowered the price target on Okta, Inc (NASDAQ: OKTA) to $85.00 (from $100.00) while maintaining a Neutral rating.

The analyst comments "Per usual, OKTA posted strong FQ2 upside against very conservative guidance. CRPO growth was +13% Y/Y... More

Okta, Inc (OKTA) PT Lowered to $110 at Citi

Citi analyst Fatima Boolani lowered the price target on Okta, Inc (NASDAQ: OKTA) to $110.00 (from $115.00) while maintaining a Neutral rating.

The analyst comments "Results cleared undemanding topline hurdles (~2pt upside to cRPO 13%YoY consistent with last Q; ~2pt revs beat to 16% YoY) and OKTA... More

Okta, Inc (OKTA) PT Lowered to $104 at Mizuho

Mizuho analyst Gregg Moskowitz lowered the price target on Okta, Inc (NASDAQ: OKTA) to $104.00 (from $110.00) while maintaining a Neutral rating.

The analyst comments "As expected, cRPO growth of 13% Y/Y nicely exceeded mgmt's generally conservative guide of ~10-11% growth. However, mgmt... More

After-hours movers: NVIDIA, Affirm, Salesforce and more

After-Hours Stock Movers:

NVIDIA (NASDAQ: NVDA) shares were choppy after the AI juggernaut published second quarter results and guidance, and announced a $50 billion buyback plan. Management said anticipation for Blackwell was "incredible." The stock was down... More

Okta, Inc. (OKTA) Tops Q2 EPS by 11c, Offers Guidance

Okta, Inc. (NASDAQ: OKTA) reported Q2 EPS of $0.72, $0.11 better than the analyst estimate of $0.61. Revenue for the quarter came in at $646 million versus the consensus estimate of $632.6 million.

Financial Outlook:

All periods factor in a challenging macro environment, and continue to... More

Okta, Inc. (OKTA) option IV elevated into the expected release of quarter results

Okta, Inc. (NASDAQ: OKTA) August weekly call option implied volatility is at 157, September is at 67; compared to its 52-week range of 28 to 78 into the expected release of quarter results after the bell on August 28.

BTIG Reiterates Buy Rating on Okta, Inc (OKTA)

BTIG analyst Gray Powerll reiterated a Buy rating and $128.00 price target on Okta, Inc (NASDAQ: OKTA).

The analyst comments "Since mid-July, we spoke with ten contacts (8 partners, 2 industry analysts, and 1 CISO) about demand trends and new product initiatives at OKTA. Feedback in... More