Okta, Inc. (OKTA)
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-09-14
$190.45+2.15%
Close 2026-09-15 · 1-day change
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-09-14
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 QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — the market is pricing in about 36% growth a year, above the roughly 11% analysts expect, leaving little room for error.
View ValuationThis stock is volatile — it swings about 3% on a typical day and fell roughly 34% in its worst 12-month stretch.
View RiskOkta's growth in revenue and strong enterprise traction support its value. The company reported Q2 revenue of $805 million, exceeding estimates, and raised guidance to $3.22 billion. It trades at 61× P/E, which is more than double the 27× peer median. The market expects more growth than is realistic, indicating full expectations. A risk exists if Okta cuts guidance on the next call, which could lower estimates. Peer multiples imply a price about 21% below where it trades. This read is provisional.
Trailing returns as of 2026-09-15. 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 Sep 2026).
Based on 31 Wall Street analysts offering 12-month price targets for OKTA in the last 4 months.
Continue this research
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 2026-09-14. 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: Increase revenue growth
Price target hike indicates strong revenue 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 2026-09-15. EPS is implied from price ÷ P/E. Not investment advice.
Current $190.45
The last 12 months of price, then the range of analyst 12-month targets from today’s $190.45.
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: 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.
Advances: Increase revenue growth
Earnings report shows key growth metrics.
Advances: Increase revenue growth
Surpassed earnings and revenue estimates.
