Okta, Inc. – Consensus ‘buy’ rating and 10.1% Upside Potential

Broker Ratings
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Okta, Inc. with ticker code (OKTA) now have 39 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between 125 and 64 calculating the average target price we see $94.05. Now with the previous closing price of $85.44 and the analysts are correct then we can expect a percentage increase in value of 10.1%. The 50 day MA is $78.53 while the 200 day moving average is $70.49. The company has a market cap of 13.54B. The stock price is currently at: 83.42 USD

The potential market cap would be $14,907,379,540 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of -, revenue per share of 11.76 and a -5.24% return on assets.

Okta, Inc. is an independent identity provider. The Company’s Okta Identity Platform is an independent and neutral cloud-based identity solution that allows its customers to integrate with nearly any application, service or cloud that they choose through its secure platform and cloud infrastructure. Its Workforce Identity Cloud is used as the central system for an organization’s connectivity, access, authentication and identity lifecycle management needs spanning all of its users, technology and applications. Its Workforce Identity products include Universal Directory, Single Sign-On, Adaptive Multi-Factor Authentication, Lifecycle Management, API Access Management, Access Gateway, Advanced Server Access and Okta Identity Governance. The Company’s Customer Identity products include Universal Login, Attack Protection, Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections.

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