On May 23, 2025, Jefferies analyst Joseph Gallo maintained a 'Hold' rating on Okta (OKTA, Financial) while raising the target price from $110.00 to $135.00 USD. This adjustment reflects a notable 22.73% increase in the price target.
The decision to maintain the 'Hold' rating, yet elevate the price target, suggests a positive outlook for Okta's stock performance, albeit with a cautious approach from Jefferies. The current 'Hold' rating aligns with the previous assessment of Okta (OKTA, Financial), demonstrating consistency in Jefferies' evaluation strategy.
Investors will be closely monitoring Okta's (OKTA, Financial) stock movements following such adjustments by a major financial analyst firm. The revised target price provides a new benchmark for the market's expectations of Okta's future stock valuation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 38 analysts, the average target price for Okta Inc (OKTA, Financial) is $121.69 with a high estimate of $155.00 and a low estimate of $75.00. The average target implies an downside of 1.79% from the current price of $123.91. More detailed estimate data can be found on the Okta Inc (OKTA) Forecast page.
Based on the consensus recommendation from 45 brokerage firms, Okta Inc's (OKTA, Financial) average brokerage recommendation is currently 2.2, 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 $97.82, suggesting a downside of 21.06% from the current price of $123.91. 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.
