Mizuho Lowers Okta (NASDAQ:OKTA) Price Target to $100.00

Okta (NASDAQ:OKTA) had its price target reduced by Mizuho from $110.00 to $100.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 20.58% from the company’s current price.

OKTA has been the subject of a number of other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Okta in a report on Thursday, January 22nd. Barclays dropped their price objective on Okta from $112.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 18th. BMO Capital Markets reduced their target price on shares of Okta from $112.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, December 3rd. UBS Group reaffirmed a “buy” rating on shares of Okta in a research note on Thursday, December 4th. Finally, Citigroup reissued a “neutral” rating on shares of Okta in a research report on Monday, January 12th. Twenty-five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.56.

Okta Trading Up 0.6%

Shares of NASDAQ OKTA opened at $82.93 on Tuesday. The company’s 50-day moving average price is $88.62 and its 200 day moving average price is $88.84. Okta has a 52 week low of $75.05 and a 52 week high of $127.57. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 76.08, a PEG ratio of 3.29 and a beta of 0.77.

Okta (NASDAQ:OKTA) last announced its earnings results on Tuesday, December 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Okta had a net margin of 6.87% and a return on equity of 3.77%. The company had revenue of $742.00 million during the quarter, compared to analysts’ expectations of $730.23 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. As a group, research analysts expect that Okta will post 0.42 earnings per share for the current year.

Okta announced that its board has approved a share repurchase program on Monday, January 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Okta

In other news, insider Larissa Schwartz sold 1,899 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $90.74, for a total transaction of $172,315.26. Following the completion of the sale, the insider owned 38,164 shares in the company, valued at approximately $3,463,001.36. The trade was a 4.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd Mckinnon sold 11,286 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $90.96, for a total transaction of $1,026,574.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,245 shares of company stock worth $3,385,624 over the last ninety days. 5.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Okta

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Okta by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 19,803,227 shares of the company’s stock worth $1,815,956,000 after purchasing an additional 1,074,977 shares during the period. First Trust Advisors LP lifted its stake in shares of Okta by 28.2% during the fourth quarter. First Trust Advisors LP now owns 6,030,090 shares of the company’s stock worth $521,422,000 after purchasing an additional 1,326,051 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Okta by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,635,572 shares of the company’s stock worth $425,082,000 after buying an additional 179,919 shares during the period. Geode Capital Management LLC grew its stake in shares of Okta by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,261,303 shares of the company’s stock valued at $281,246,000 after buying an additional 57,605 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Okta by 2.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,495,389 shares of the company’s stock valued at $215,776,000 after buying an additional 69,653 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Key Headlines Impacting Okta

Here are the key news stories impacting Okta this week:

• Positive Sentiment: JPMorgan included Okta on a list of 18 “mispriced” tech names that it views as insulated from AI disruption — a high‑profile bank endorsement that can attract institutional buyers. JPMorgan says to buy these 18 ‘mispriced’ tech stocks
• Positive Sentiment: The Motley Fool named Okta as one of two “monster stocks to hold for the next 10 years,” highlighting durable demand from AI/security tailwinds — a supportive long‑horizon narrative for buy-and-hold investors. 2 Monster Stocks to Hold for the Next 10 Years
• Positive Sentiment: Brokerage consensus remains constructive: a summary piece reports an average analyst rating of “Moderate Buy,” which supports demand vs. purely bearish views. Okta Receives Average Rating of Moderate Buy
• Positive Sentiment: Okta is pushing its identity/security story in India, arguing “trust” will matter for AI-first enterprises — signals potential market expansion and enterprise demand growth. Why Okta believes trust, not speed, will define India’s AI-first enterprises
• Neutral Sentiment: Benzinga compiled 26 analyst projections for Okta — useful for gauging the range of expectations but not a single directional catalyst. Forecasting The Future: 26 Analyst Projections For Okta
• Neutral Sentiment: TipRanks covered a BMO Capital note (Keith Bachman) that maintained a Hold: it cites improving fundamentals but limited near‑term upside and execution risk — a balanced view that tempers momentum. Balanced View on Okta
• Neutral Sentiment: Zacks noted Okta as a trending ticker — increased retail/coverage attention can raise short‑term volume but isn’t a direct buy/sell signal. Here is What to Know Beyond Why Okta is a Trending Stock
• Negative Sentiment: Mizuho cut its price target from $110 to $100 while keeping an Outperform rating — a downgrade of upside expectations that can cap near‑term gains despite the positive rating. OKTA price target lowered at Mizuho

About Okta

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.