Okta (OKTA) stock gained 16% in the pre-market trading session after reporting upbeat results for the fourth quarter. Following the release, OKTA stock received mixed reactions from Top Wall Street analysts. While some are bullish about the company’s future prospects, others have adopted a more cautious stance. However, all these analysts raised their price target on OKTA stock.
Okta is a cybersecurity company that provides identity and access management solutions for secure digital authentication.
Analysts Bullish on OKTA Stock
Several analysts remain optimistic about Okta’s growth potential. Among them, Rudy Kessinger from D.A. Davidson upgraded Okta stock’s rating to Buy and raised the price target to $125 (43.4% upside) from $90.
He noted Okta’s impressive Q4 results, rise in current remaining performance obligations (CRPO), and a major increase in Fiscal 2026 outlook as key positives. Further, he finds the company’s double-digit growth to be sustainable.
Also, five-star analyst Shrenik Kothari from Robert W. Baird, maintained a Buy rating and raised the price target to $130 (49.2% upside) from $115, citing strong Q4 results. Kothari believes that Okta’s raised Fiscal 2026 guidance, strong execution in workforce and customer identity solutions, and progress in security and AI-powered offerings could support upside potential.
Another Top analyst, Eric Heath from KeyBanc reiterated a Buy rating on the stock and lifted the price target to $135 (54.9% upside) from $125.
Analysts with Neutral Stance on Okta
A group of analysts have adopted a more neutral stance, noting both the strengths and weaknesses in Okta’s Q4 results. Saket Kalia from Barclays (BCS) maintained a Hold rating and raised the price target to $115 (31.9% upside) from $105.
Gallo expects FY26 subscription coverage to be 79-80%, better than last year, indicating more revenue upside for FY26. He also anticipates that the net retention rate (NRR) will stabilize at 107%. Further, he noted that the Q1 2026 CRPO guide takes into account potential disruptions from sales specialization and seasonally slower bookings.
Similarly, Joseph Gallo from Jefferies reiterated a Hold rating on Okta stock. Also, the analyst listed the price target to $110 (26.2% upside) from $90.
Is OKTA a Good Stock to Buy Now?
Turning to Wall Street, OKTA stock has a Moderate Buy consensus rating based on 11 Buys and 10 Holds assigned in the last three months. At $111.35, the average Okta stock price target implies 27.75% upside potential. Year-to-date, shares of the company have surged by 10.6%.
