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OKTA

Okta, Inc.

OKTA

NASDAQ·Technology·Software - Infrastructure·Mkt cap $23.3B

$141.46

+0.71%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$62.66 - $145.95

P/E

107.17

Fwd P/E

38.67

Beta

0.79

Div Yield

0.00%

Avg Vol

4.1M

Shares Out

169.2M

Mkt Cap

$23.3B

Price action

Price chart

Up 43.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Comprehensive cloud-native identity platform with broad feature set
  • Dual-platform strategy serving both enterprises and developers
  • Strong ecosystem of integrations with 7,000+ pre-built applications
  • High customer retention and net revenue retention rates
  • Mission-critical nature of identity infrastructure creates switching costs

Bear Case

2 risks

  • Low volatility (beta 0.8).
  • Significant premium - growth priced in

Growth

Stable outlook

Increasing enterprise digital transformation and cloud migration

Value

Significant premium - growth priced in

Momentum

Hot

+75.2% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 25, 2026

Q2 26 RECAP

MAY 28, 2026

Reported EPS of $0.91 vs $0.85 consensus (+6.7% surprise). Revenue of $765.0M vs $751.8M expected (+1.8%). Beat on both top and bottom lines.

EPS beat +6.7%
Rev beat +1.8%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+6.7%

Next: Aug 25, 2026

Revenue trend · last 8Q

+13%

+12%

+13%

+12%

+12%

Q1 24

Q2 24

Q3 24

Q4 25

Q1 25

Q2 25

Q3 25

Q4 26

$617.0M

$646.0M

$665.0M

$682.0M

$688.0M

$728.0M

$742.0M

$761.0M

Margins · last 8Q

Gross

77.9%

Operating

6.6%

Profit

8.3%

Wall Street consensus

26 analysts · 77% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

20

77%

Hold

6

23%

Sell

0%

Median Price Target

$115.00

-18.7% vs $141.46

Low $60.00
Median $115.00
High $135.00

Latest: Scotiabank · $135.00 · Jun 29, 2026

16 analysts covering

vs Industry

How OKTA stacks vs Software - Infrastructure

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.