OKTA Stock Recent News

Zacks.com users have recently been watching Okta (OKTA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

In the latest trading session, Okta (OKTA) closed at $88.42, marking a -3.42% move from the previous day.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

Okta's P/FCF multiple suggests 27% upside over its July 31 closing price. Gartner rated Okta a leader in its 2024 Magic Quadrant, a distinction the company has achieved in eight consecutive years. The company has four key areas of growth initiatives to produce solid revenue growth over the medium and long term.

Okta's strong presence in identity security and AI-driven solutions makes it an attractive acquisition target amid industry consolidation. The company's financial stability, low debt, and reasonable valuation ratios offer limited downside risk and a compelling risk/reward profile. Recent acquisition rumors and sector M&A trends could drive a significant premium, providing high speculative upside for Okta shares.

Okta (OKTA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that it will release its financial results for its second quarter fiscal year 2026 ended July 31, 2025 after the U.S. market close on Tuesday, August 26, 2025. Okta will host a live video webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Event: Okta's Second Quarter Fiscal Year 2026 Financial Results Date: Tuesday, August 26, 2025 Time: 2.

Okta remains a Buy for me, thanks to its leading position in identity security, strong recurring revenue, and improving profitability. The stock trades at a discount to peers despite robust cash flow, a solid balance sheet, and clear upside if growth re-accelerates. Risks include tough competition, cautious guidance, and the need for better cross-selling, but the downside appears limited near current levels.