Okta (OKTA) Stock

On the most recent trading day, Okta (OKTA) closed at $78.83, which is a slight increase of 0.04% compared to the previous day's closing price.

OKTA has shown strong performance indicators, including an increase in multi-year RPO and adjusted subscription gross margin, suggesting rising customer demand and strong pricing power. The cybersecurity firm has achieved an impressive 3-year compound annual growth rate of over 70.9% in customers with contracts worth over $1 million, growing from $200 million in FQ4'22 to $1 billion in FQ3'25. Given the significant pipeline from the Octane event, we think that OKTA's recent decline in value has been excessive.

Users of Zacks.com have been paying a lot of attention to Okta (OKTA) lately. Therefore, it's important to understand the key information that could influence the future of the stock.

Okta (OKTA) has reached a key support level, making it a potentially strong stock choice based on technical analysis. The stock has also broken through the resistance at the 20-day moving average, indicating a positive trend in the short term.

Adopting OKTA's Identity Threat Protection solution improves opportunities in a tough economic climate and high valuation.

This cybersecurity firm is expanding in all the right areas.

Investors might find cybersecurity stocks to be a reliable choice in 2025, but KeyBanc warns that one specific AI company could pose risks.

Okta's stock has not performed as well as the market lately, as it has had difficulty maintaining its strong performance from early 2024. The company has changed its marketing strategies to focus on enterprise and government clients. Although the recent improvements are positive, the market seems to be waiting for further updates to confirm this strategy.

The average price target suggests that Okta (OKTA) could increase by 26%. Although studies indicate that this measure is not very reliable, a rise in earnings estimate revisions might indicate that the stock could see gains soon.