CCORF analyst Kingsley Crane maintains $Okta (OKTA.US)$ with a hold rating, and adjusts the target price from $95 to $82.
According to TipRanks data, the analyst has a success rate of 54.3% and a total average return of 5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Okta (OKTA.US)$'s main analysts recently are as follows:
Concerns have been raised regarding delayed product rollouts historically and the lack of full maturity/complexity, especially with PAM, which could influence perceptions around new announcements.
Observations from Okta's user event indicated that management conveyed a measured perspective during investor discussions. It is anticipated that the challenges to workforce identity seat counts and customer identity monthly active users will continue up to the first half of 2026. It has been noted that despite lowered projections, the company's efforts to gain better engagement with large enterprise clients, introduce new offerings, and broaden market reach are expected to unfold over time.
Okta continues to hold a dominant position in the crucial identity management sector, and its stock valuation appears relatively reasonable. That being said, there are ongoing challenges including heightened competition from major players like Microsoft, inconsistent execution over recent years, and a lingering uncertainty about the company's ability to achieve a reliable and lasting improvement in its fundamentals.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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