Keybanc Reiterates Buy Rating on Okta, Inc. (OKTA)
Keybanc maintains its buy rating on Okta with a $130 price target, a 4.60% upside from the current price.
Key Points
- Keybanc reiterated its buy rating on Okta, Inc. (NASDAQ:OKTA) with a price target of $130 as of June 25, 2026.
- Keybanc's $130 price target implies 4.60% upside from Okta, Inc.'s ($OKTA) current $124.28 share price.
- Okta shares traded near $118.58 on Thursday, with a market cap of $20.15 billion and a P/E ratio of 84.01.
- Recent insider activity includes planned sales by key executives, while multiple analysts maintain buy ratings.
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On June 25, 2026, Keybanc reiterated its buy rating on Okta, Inc. (NASDAQ:OKTA) with a price target of $130. Shares of Okta traded near $118.58 on Thursday.
Keybanc vs. the S&P 500
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Okta, Inc. Stock Down 28.2%
Shares of Okta, Inc. (NasdaqGS: OKTA) traded around $118.58 on Thursday. The company, which operates in the technology sector focusing on software infrastructure, has a market cap of approximately $20.15 billion. Okta's P/E ratio stands at 84.01, with a forward P/E of 27.09. The stock's beta is 0.794, indicating lower volatility compared to the market. Over the past 52 weeks, the share price has ranged from $62.66 to $142.35, with a 50-day moving average of $91.43 and a 200-day moving average of $87.22. The company maintains a current ratio of 1.43 and a quick ratio of 1.30, with a debt-to-equity ratio of 5.96.
$OKTA price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Okta reported revenues of about $3.00 billion, reflecting a growth of 11.2%. The company posted an EPS of $1.38, achieving a net margin of 8.24% and a return on equity of 3.67%. The next earnings announcement is scheduled for August 25, 2026.
Insider Buying and Selling at Okta, Inc.
Recent insider activity at Okta includes planned sales by Chief Legal Officer and Corporate Secretary Larissa Schwartz, who sold 2,463 shares on June 22, 2026, at an average price of $120. Additionally, President and COO Eric Robert Kelleher sold 3,977 shares on June 18, 2026, at an average price of $114.10. On the buying side, Anthony John Bates purchased 2,033 shares on June 21, 2026, while David Schellhase acquired 2,080 shares on June 18, 2026.
Analysts Set New Price Targets
On June 25, 2026, Keybanc maintained its buy rating on Okta with a price target of $130. The same day, BTIG also maintained a buy rating with a $136 target. Needham reiterated a buy rating with a $140 target on June 24, 2026. UBS kept a buy rating with a $150 target earlier in June. The consensus among 43 analysts is a buy, with a mean target price of $119.70.
About Okta, Inc.
Okta, Inc. is a technology company based in San Francisco, California, specializing in identity management solutions. The company offers a range of products and services, including Single Sign-on, Adaptive Multi-Factor Authentication, API Access Management, and Identity Governance. Okta serves customers globally, providing secure access to cloud and on-premises applications. Founded in 2009, the company is led by CEO Todd McKinnon and employs approximately 6,366 people.
Bottom Line
Keybanc's reiterated buy rating and $130 price target reflect continued optimism in Okta's growth potential. Investors often track these ratings for insights into analyst confidence. It's important to note that these ratings are based on historical data and may not represent current conditions.
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