Okta (OKTA) Stock: $125 Price Target And Buy Rating

By Amit Chowdhry ● May 13, 2022
  • The shares of Okta Inc (NASDAQ: OKTA) have received a $125 price target from DA Davidson. These are the details.

The shares of Okta Inc (NASDAQ: OKTA) have received a $125 price target from DA Davidson. And DA Davidson analyst Rudy Kessinger is maintaining a “Buy” rating on the shares.

Kessinger adjusted the rating following the company’s fourth-quarter results. Okta reported a Q4 EPS of ($0.18), which was $0.06 higher than analyst estimates of ($0.24). And the revenue for the quarter was $383 million compared to the consensus estimate of $359.79 million.

In terms of guidance, Okta expects Q1 2023 EPS of between ($0.35)-($0.34), compared to the consensus of ($0.20). And Okta expects Q1 2023 revenue of between $388 million and $390 million, compared to the consensus of $374.85 million.

Plus Okta expects FY2023 EPS of between ($1.27)-($1.24), compared to the consensus of ($0.49). And Okta expects FY2023 revenue of between $1.78 billion and $1.79 billion, compared to the consensus of $1.75 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.