Morgan Stanley has revised its price target for Okta (OKTA, Financial), a leader in identity and access management solutions, lowering it from $125 to $123. Despite this minor reduction, the firm maintains an Overweight rating on Okta's shares, reflecting continued confidence in its market performance.
This adjustment is part of Morgan Stanley's broader evaluation of numerous software firms, as it reassesses risk and reward balances amidst ongoing uncertainties, including potential tariff risks. These revisions aim to align expectations with the current pricing trends observed within the market for software companies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 35 analysts, the average target price for Okta Inc (OKTA, Financial) is $116.26 with a high estimate of $135.00 and a low estimate of $75.00. The average target implies an upside of 15.82% from the current price of $100.38. More detailed estimate data can be found on the Okta Inc (OKTA) Forecast page.
Based on the consensus recommendation from 43 brokerage firms, Okta Inc's (OKTA, Financial) average brokerage recommendation is currently 2.3, 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 $97.06, suggesting a downside of 3.31% from the current price of $100.38. 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.
