Okta (NASDAQ:OKTA) Price Target Cut to $80.00 by Analysts at Scotiabank

Posted by Shane Hupp on Mar 5th, 2026

Okta (NASDAQ:OKTA – Get Free Report) had its price target lowered by stock analysts at Scotiabank from $85.00 to $80.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 2.33% from the stock’s current price.

A number of other research firms also recently issued reports on OKTA. DA Davidson reissued a “buy” rating and set a $110.00 price target on shares of Okta in a research report on Thursday. BMO Capital Markets decreased their target price on Okta from $90.00 to $83.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Wells Fargo & Company initiated coverage on shares of Okta in a report on Tuesday. They issued an “equal weight” rating and a $76.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Okta from $140.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, December 1st. Finally, Zacks Research raised shares of Okta from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.40.

Get Our Latest Stock Report on OKTA

Okta Price Performance

OKTA stock traded up $6.44 on Thursday, hitting $78.18. 5,624,842 shares of the company were exchanged, compared to its average volume of 3,160,438. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 71.72, a price-to-earnings-growth ratio of 2.81 and a beta of 0.79. Okta has a twelve month low of $68.77 and a twelve month high of $127.57. The business’s fifty day moving average is $85.40 and its two-hundred day moving average is $87.51.

Okta (NASDAQ:OKTA – Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The company had revenue of $761.00 million for the quarter, compared to analyst estimates of $749.87 million. Okta had a net margin of 6.87% and a return on equity of 3.77%. Okta’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. Equities research analysts expect that Okta will post 0.42 earnings per share for the current year.

Okta declared that its Board of Directors has authorized a stock repurchase plan on Monday, January 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $95.07, for a total transaction of $950,700.00. Following the completion of the sale, the chief financial officer directly owned 134,385 shares in the company, valued at $12,775,981.95. This trade represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Larissa Schwartz sold 1,836 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $83.47, for a total value of $153,250.92. Following the completion of the transaction, the insider owned 36,328 shares in the company, valued at approximately $3,032,298.16. This trade represents a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,245 shares of company stock worth $3,385,624. Corporate insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On Okta

Hedge funds and other institutional investors have recently bought and sold shares of the business. SHP Wealth Management acquired a new position in shares of Okta in the 4th quarter valued at approximately $27,000. Kera Capital Partners Inc. raised its holdings in Okta by 57.6% in the fourth quarter. Kera Capital Partners Inc. now owns 5,401 shares of the company’s stock valued at $456,000 after acquiring an additional 1,975 shares in the last quarter. Invesco Ltd. raised its holdings in Okta by 19.1% in the fourth quarter. Invesco Ltd. now owns 548,741 shares of the company’s stock valued at $47,450,000 after acquiring an additional 88,112 shares in the last quarter. Rare Wolf Capital LLC bought a new position in Okta during the 4th quarter valued at $390,000. Finally, Corient Private Wealth LLC grew its holdings in Okta by 515.8% during the 4th quarter. Corient Private Wealth LLC now owns 68,854 shares of the company’s stock worth $5,954,000 after acquiring an additional 57,672 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Okta

Here are the key news stories impacting Okta this week:

Positive Sentiment: Q4 beat and durable subscription growth — Okta reported Q4 revenue of $761M (up ~11.6% YoY) and EPS that topped estimates, driven by strong subscription adoption and improving profitability; this is the primary catalyst for the intraday rally. OKTA Shares Jump on Solid Q4 Earnings Beat, Revenues Increase Y/Y
Positive Sentiment: Company highlights AI agents as a growth vector — management emphasized AI agent/security opportunities and new partnerships (e.g., PGA) that position Okta as identity infrastructure for agentic AI, supporting the longer-term story. Okta’s stock rallies as momentum in AI agents fuels an earnings beat
Neutral Sentiment: Broader cloud rally is lifting names including OKTA — sector strength today (WCLD and other cloud names) is amplifying Okta’s move alongside company?specific results. Cloud stocks jump, head for best day in nearly a year despite broad market declines
Neutral Sentiment: Wall Street still split but many firms kept buy/overweight ratings — several analysts reiterated buy stances citing AI/identity positioning even as they trimmed models, which keeps upside case intact for investors focused on long-term secular demand. Okta: Leveraging Identity as Core AI Security Infrastructure to Drive Durable Growth
Negative Sentiment: Near?term revenue guidance disappointed — Q1 revenue guide ($749M–$753M) came in slightly below Street expectations, and management warned revenue growth will slow, which is a key reason some investors reacted cautiously. Okta forecasts slowest revenue growth since IPO amid economic uncertainty
Negative Sentiment: Analysts trimmed price targets en masse — multiple shops lowered targets (Piper Sandler, Deutsche Bank, Berenberg, Truist, etc.), creating headline risk and capping near?term upside despite some retained buy ratings. Okta Posts Q4 Beat; Analysts Cut Price Targets For Early AI Agent ‘Leader’
Negative Sentiment: Mixed market reaction after-hours — some outlets noted a modest after?hours dip as investors digested the softer near?term guide and the slower growth narrative despite the beat. Okta beats Q4 estimates but shares dip on muted outlook

Okta Company Profile

(Get Free Report)

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.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.