Okta, Inc. (OKTA)
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-10-29
$208.24-6.14%
Close 2026-10-30 · 1-day change
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-10-29
Research Workspace
Put OKTA beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Application Software is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 11% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on earnings delivery, market reaction to earnings.
View ManagementExpectations look high — the market is pricing in about 50% growth a year, above the roughly 12% analysts expect, leaving little room for error.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 33% in its worst 12-month stretch.
View RiskOKTA’s case rests on securing AI and expanding its identity platform. Revenue growth held at 11% year over year in both reported quarters. Q2 FY2027 non-GAAP earnings beat consensus by 138.6%. OKTA trades at 13× sales versus 4× for peers and 9× its history. The market prices in more growth than our forecast. A reported Perplexity rival product raises a specific competitive concern. Our model puts next-quarter miss probability at 19%. Peer multiples imply a price about 50% below where it trades; our read remains intact. This read is provisional.
Trailing returns as of 2026-10-30. OKTA is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 44 analysts currently covering OKTA (as of Oct 2026).
Based on 30 Wall Street analysts offering 12-month price targets for OKTA in the last 4 months.
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Compare OKTA with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| OKTA Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Application Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put OKTA next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Secure AI and expand identity platform
Increased price target reflects strong AI demand and growth potential.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $208.24
The last 12 months of price, then the range of analyst 12-month targets from today’s $208.24.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Secure AI and expand identity platform
AI security momentum aligns with growth objectives.
Advances: Increase revenue growth
Price target hike indicates strong revenue growth potential.
Advances: Increase revenue growth
Earnings call highlights strong revenue growth.
Advances: Increase revenue growth
Price target raised on strong results.
Advances: Increase revenue growth
Upgrade reflects stronger growth potential.
Advances: Increase revenue growth
Price target raised on strong Q2 results.
Advances: Increase revenue growth
Record bookings and AI momentum drive growth.