On Oct 17, major Wall Street analysts update their ratings for $Okta (OKTA.US)$, with price targets ranging from $75 to $110.
Morgan Stanley analyst Hamza Fodderwala maintains with a hold rating, and maintains the target price at $100.
BofA Securities analyst Madeline Brooks maintains with a sell rating, and maintains the target price at $75.
Wells Fargo analyst Andrew Nowinski maintains with a hold rating, and adjusts the target price from $100 to $80.
TD Cowen analyst Shaul Eyal maintains with a hold rating, and maintains the target price at $110.
Needham analyst Mike Cikos initiates coverage with a buy rating, and sets the target price at $100.
Furthermore, according to the comprehensive report, the opinions of $Okta (OKTA.US)$'s main analysts recently are as follows:
Okta is acknowledged as a distinct frontrunner in the crucial identity management sector, and its stock's valuation appears quite reasonable. Nevertheless, the company is confronting rising competition, particularly from a major technology corporation, while its execution has experienced unevenness in recent years. At present, there remains a lack of assurance in the company's ability to achieve a lasting and solid improvement in its fundamentals.
After attending the Oktane 2024 event and engaging with customers, partners, and employees, there is a focus on the company's expansion through new products, growth strategies, and the challenges associated with the number of seats. Management anticipates that these seat count challenges may continue into the first half of the next fiscal year but expects them to normalize as they move into the second half of FY26. The company's valuation is still considered appealing.
Okta possesses a comprehensive platform, yet it continues to face challenges due to pricing and competitive pressures. Despite management pinpointing significant growth drivers, projections for FY26 are perceived as overly optimistic.
Okta has faced significant growth challenges due to pressures on seat expansion as customers' buying patterns shift in the current economic climate. Despite this, it's anticipated that the bulk of the renewal cycle has passed, and pressures from existing customers will lessen. Furthermore, the implementation of go-to-market strategies through sales incentives and partnerships is seen as completing the set of tactics to reignite growth and enhance margins.
Here are the latest investment ratings and price targets for $Okta (OKTA.US)$ from 11 analysts:
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美东时间10月17日，多家华尔街大行更新了$Okta (OKTA.US)$的评级，目标价介于75美元至110美元。
摩根士丹利分析师Hamza Fodderwala维持持有评级，维持目标价100美元。
美银证券分析师Madeline Brooks维持卖出评级，维持目标价75美元。
富国集团分析师Andrew Nowinski维持持有评级，并将目标价从100美元下调至80美元。
TD Cowen分析师Shaul Eyal维持持有评级，维持目标价110美元。
Needham分析师Mike Cikos首予买入评级，目标价100美元。
此外，综合报道，$Okta (OKTA.US)$近期主要分析师观点如下：
okta在关键的身份管理板块被认可为独特的领先者，其股票估值似乎相当合理。然而，该公司面临着不断加剧的竞争，尤其是来自一家主要科技公司，而其执行能力在近年来经历了波动。目前，对该公司能否实现基本面持久稳固的改善仍存在缺乏信心。
参加了2024年Oktane活动并与客户、合作伙伴和员工互动后，公司专注于通过新产品、增长策略和与座位数量相关的挑战来扩张。管理层预计这些座位计数挑战可能持续到下一个财政年度的上半年，但预计它们将在进入FY26下半年时趋于正常。该公司的估值仍被视为有吸引力。
okta拥有一套全面的平台，但由于定价和竞争压力而继续面临挑战。尽管管理层确定了重要的增长驱动因素，但对FY26的预期被视为过于乐观。
由于客户的购买模式在当前经济环境中发生转变导致座位扩张压力增加，okta面临着重大增长挑战。尽管如此，预计大部分续订周期已经过去，并且来自现有客户的压力将减轻。此外，通过销售奖励和合作伙伴关系实施营销策略被视为完成重新激发增长和增强利润的一整套策略。
以下为今日11位分析师对$Okta (OKTA.US)$的最新投资评级及目标价：
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