In a significant development for Okta (OKTA, Financial), Loop Capital has initiated coverage on the company with a "Buy" rating. The announcement was made on May 5, 2025, by analyst Yun Kim. This new coverage comes as investors are looking for guidance amidst fluctuating market conditions.
The firm has also set a price target of USD 140 for (OKTA, Financial), reflecting their positive outlook on the company's future performance. This initiation of coverage and the specified price target is noteworthy as it suggests potential upside for the stock, offering new insights for investors considering Okta's growth prospects.
Okta (OKTA, Financial), known for its identity and access management services, continues to be a pivotal player in the cybersecurity sector. With this latest endorsement from Loop Capital, investors and analysts alike will be closely monitoring the company's trajectory in the months ahead.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 36 analysts, the average target price for Okta Inc (OKTA, Financial) is $116.61 with a high estimate of $135.00 and a low estimate of $75.00. The average target implies an upside of 3.29% from the current price of $112.90. More detailed estimate data can be found on the Okta Inc (OKTA) Forecast page.
Based on the consensus recommendation from 44 brokerage firms, Okta Inc's (OKTA, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Okta Inc (OKTA, Financial) in one year is $97.81, suggesting a downside of 13.37% from the current price of $112.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Okta Inc (OKTA) Summary page.
