Baird analyst Shrenik Kothari maintains $Okta (OKTA.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 76.2% and a total average return of 24.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Okta (OKTA.US)$'s main analysts recently are as follows:
The firm noted that Okta's conference attendance indicated that historically delayed product rollouts and a lack of full maturity or complexity, especially with PAM, have raised some concerns regarding new announcements.
The sentiment following Okta's user event was one of a balanced perspective from management. It's anticipated that challenges in seat counts within workforce identity and monthly active users in customer identity will continue into the first half of 2026. The projection has been adjusted to reflect that Okta's efforts to gain better engagement with major enterprise clients, introduce new offerings, and broaden market reach are expected to unfold over an extended period.
Okta maintains a pivotal position in the essential identity management sector, with its stock valuation appearing quite reasonable. Nevertheless, the company is experiencing intensifying competition from a major industry player, has displayed inconsistent execution in recent years, and there remains a hesitancy to foresee a reliable fundamental recovery at present.
Note:
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