In the preceding three months, 31 analysts have released ratings for Okta (NASDAQ:OKTA), presenting a wide array of perspectives from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

BullishSomewhat BullishIndifferentSomewhat BearishBearishTotal Ratings8101300Last 30D010001M Ago021002M Ago769003M Ago11300

Analysts have set 12-month price targets for Okta, revealing an average target of $117.35, a high estimate of $140.00, and a low estimate of $94.00. Marking an increase of 9.14%, the current average surpasses the previous average price target of $107.52.

price target chart

Breaking Down Analyst Ratings: A Detailed Examination

The perception of Okta by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

| Analyst | Analyst Firm | Action Taken | Rating |Current Price Target| Prior Price Target ||--------------------|--------------------|---------------|---------------|--------------------|--------------------||Simeon Gutman |Morgan Stanley |Lowers |Overweight | $123.00|$125.00 ||Brian Colley |Stephens & Co. |Announces |Equal-Weight | $127.00|- ||Jonathan Ruykhaver |Cantor Fitzgerald |Announces |Overweight | $130.00|- ||Simeon Gutman |Morgan Stanley |Raises |Overweight | $125.00|$106.00 ||Shyam Patil |Susquehanna |Raises |Neutral | $105.00|$95.00 ||Adam Borg |Stifel |Raises |Buy | $120.00|$115.00 ||Joel Fishbein |Truist Securities |Raises |Hold | $100.00|$92.00 ||Fatima Boolani |Citigroup |Raises |Neutral | $110.00|$100.00 ||Shaul Eyal |Oppenheimer |Raises |Outperform | $135.00|$125.00 ||Matthew Hedberg |RBC Capital |Raises |Outperform | $120.00|$115.00 ||Shrenik Kothari |Baird ...

Full story available on Benzinga.com