
Okta (OKTA) reported earnings 30 days ago. What's next for the stock?
Okta Inc. is a premier provider in the identity and access management sector, delivering cutting-edge authentication solutions that enhance digital security and improve user experience for enterprises. With a comprehensive suite of services such as single sign-on, multi-factor authentication, and identity lifecycle management, Okta empowers organizations to manage user identities seamlessly across complex hybrid IT environments. Known for its innovative technology and dedication to exceptional customer support, Okta is well-positioned for continued growth in the rapidly evolving cybersecurity landscape, making it a vital partner for businesses navigating digital transformation.
| Revenue (TTM) | $3.07B |
| Gross Profit (TTM) | $2.40B |
| EBITDA | $321.00M |
| Operating Margin | 13.30% |
| Return on Equity | 4.31% |
| Return on Assets | 1.58% |
| Revenue/Share (TTM) | $17.45 |
| Book Value | $39.89 |
| Price-to-Book | 5.15 |
| Price-to-Sales (TTM) | 11.76 |
| EV/Revenue | 10.95 |
| EV/EBITDA | 81.69 |
| Quarterly Earnings Growth (YoY) | 75.70% |
| Quarterly Revenue Growth (YoY) | 10.60% |
| Shares Outstanding | $167.14M |
| Float | $166.68M |
| % Insiders | 0.55% |
| % Institutions | 99.38% |
Volatility is currently contracting

Okta (OKTA) reported earnings 30 days ago. What's next for the stock?

Wall Street just handed Okta a coordinated vote of confidence tied to one bold bet on AI agents, and the price targets analysts set reveal exactly how high they think this identity play can run.

Bank of America (BofA) raised its price target on Okta Inc (NASDAQ:OKTA) to $220 from $200 after the company unveiled new AI-agent security and identity capabilities at its Oktane 2026 conference. The bank said Okta's ambition to become the identity control plane for AI agents was reinforced by new offerings including Agent SSO, runtime enforcement features and support for third-party identity providers.

Okta NASDAQ: OKTA executives said the company is positioning its identity platform to play a central role in securing and governing artificial intelligence agents, arguing that the emerging “agentic” technology market could ultimately exceed the size of today's identity and access management market.

Okta NASDAQ: OKTA outlined its strategy for securing artificial intelligence agents at its Oktane event, introducing an industry “Blueprint Alliance,” expanding its Agent SSO standardization efforts and highlighting the generally available Okta for AI Agents platform.

Cybersecurity stocks are rallying in Wednesday morning trading as broader large-cap technology names slide. The First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR) is up 1% for the session.

Okta (OKTA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Cybersecurity stocks are extending last week's advance into Monday's midday session, and the leaders today are identity and endpoint names rather than the network security franchise. CrowdStrike Holdings (NASDAQ:CRWD | CRWD Price Prediction) stock is up 4.02% to $247.

Bernstein downgraded Palo Alto Networks (PANW), Okta Inc. (OKTA), and SentinelOne (S) even as the cybersecurity industry sees a new bullish wave over AI safety concerns. Marley Kayden explains why the analyst is pushing back the bullish narrative a bit even though it also raised price targets for some companies.

Okta Co-Founder and CEO Todd McKinnon joins 'Mad Money' host Jim Cramer to talk AI agents, quarterly results, the future of cybersecurity and more.
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