
Okta (OKTA) Stock Forecast & Price Target
Okta (OKTA) Analyst Ratings
Bulls say
Okta has demonstrated strong performance in key financial metrics, with a significant increase in current remaining performance obligations (cRPO) and remaining performance obligations (RPO), growing 12.9% and 17.3% year-over-year, respectively, exceeding consensus estimates. The company's free cash flow margin is projected to improve to 29% in FY26, up from 28.0% in FY25 and 21.6% in FY24, indicating a positive trend in operational efficiency and profitability. Additionally, management's ability to enhance sales productivity and expand quota-carrying capacity for the first time in several years suggests a strengthening business momentum and better execution moving forward.
Bears say
Okta's forward fourth-quarter contractually recurring revenue (cRPO) guidance reflects a growth of only 9% year-over-year, falling slightly short of consensus expectations, indicating potential challenges in sustaining strong revenue momentum. The firm's reliance on subscription-based solutions may become a liability as large enterprises still show a preference for on-premise purchasing, further exacerbated by the risk of slowed economic conditions impacting demand. Additional concerns include heightened competition from Microsoft, inconsistent execution in recent years, and a backdrop of tightening IT budgets that may adversely affect Okta's growth and profitability.
This aggregate rating is based on analysts' research of Okta and is not a guaranteed prediction by Public.com or investment advice.
Okta (OKTA) Analyst Forecast & Price Prediction
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