Okta Inc. ($OKTA) Stock Forecast: Down 11.2% Today

What is Okta Inc.?

OKTA (NASDAQ: OKTA) is a San Francisco-based company that specializes in identity and access management solutions. The overall market sentiment for OKTA has been bearish today.

Why is Okta Inc. going down?

OKTA stock is down 11.2% on May 28, 2025 13:35

• Wall Street forecasters adjusted their expectations before OKTA's Q1 earnings, yet the stock saw significant bearish movement.
• Investors may have engaged in profit-taking due to the anticipation of OKTA's earnings report falling short of expectations.
• The market's negative response could be attributed to analysts' revised expectations not being met.
• The bearish trend might be influenced by general market conditions or sector-specific factors affecting OKTA's performance.

OKTA Price Chart

OKTA Technical Analysis

OKTA News

Top Wall Street Forecasters Revamp Okta Expectations Ahead Of Q1 Earnings - Okta ( NASDAQ:OKTA )

Okta, Inc. OKTA will release its first-quarter earnings results after the closing bell on Tuesday, May 27. Analysts expect the San Francisco, California-based company to report quarterly earnings at 77 cents per share, up from 65 cents per share in the year-ago period.

https://www.benzinga.com/analyst-ratings/price-target/25/05/45612574/top-wall-street-forecasters-revamp-okta-expectations-ahead-of-q1-earnings

AutoZone, Heico And 3 Stocks To Watch Heading Into Tuesday - AutoZone ( NYSE:AZO ) , Bank of Nova Scotia ( NYSE:BNS )

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects AutoZone Inc. AZO to report quarterly earnings at $37.03 per share on revenue of $4.35 billion before the opening bell, according to data from ...

https://www.benzinga.com/news/earnings/25/05/45611691/autozone-heico-and-3-stocks-to-watch-heading-into-tuesday

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Okta Inc. Price History

21.10.2024 - OKTA Stock was up 5.2%

• OKTA's stock saw a strong bullish movement as investors are optimistic about the company's Identity Threat Protection solution gaining adoption.
• Despite a challenging macroeconomic environment and a stretched valuation, the prospects for OKTA seem promising, driving the bullish momentum.
• The market movement could be attributed to increasing confidence in OKTA's ability to navigate the current economic challenges and deliver value to its customers, leading to positive investor sentiment.

15.10.2024 - OKTA Stock was down 5.1%

• The company saw a considerable downturn, potentially influenced by the general market atmosphere affecting tech entities like cloud service providers.
• A negative evaluation of Airbnb by a prominent Wall Street analyst could have played a role in shaping investor pessimism toward the tech industry, including companies like OKTA.
• Market participants may have been prompted to react to assessments indicating declines in various businesses, such as Alnylam Pharmaceuticals, Inc., leading to a widespread market sell-off that adversely impacted OKTA's stock value.

21.03.2025 - OKTA Stock was down 5.1%

• Despite being recognized as a promising cybersecurity stock, OKTA showed a notable bearish trend today.
• The decline in OKTA's performance could be attributed to profit-taking or market sentiment towards the broader tech sector, overshadowing its potential for long-term growth.
• Market participants may have redirected their attention to other cybersecurity stocks, leading to a temporary dip in OKTA's performance.
• While OKTA's recent decline may be a short-term setback, its enduring potential within the cybersecurity sector remains promising, offering a potential opportunity for investors seeking to benefit from future growth.

29.07.2024 - OKTA Stock was down 15.7%

• Okta exceeded analyst expectations for Q2, demonstrating robust earnings and revenue growth. However, concerns about immediate challenges overshadowing future prospects drove the stock into a bearish trend.
• Several analysts revised their forecasts and target prices for Okta downwards, reflecting diminished confidence in the stock's short-term trajectory.
• The broader tech sector's performance, illustrated by a recovery in futures after Nvidia's earnings decline, likely influenced Okta's movement. Investors may have shifted away from certain tech stocks, including Okta, in pursuit of more favorable opportunities.
• Despite a target price reduction by DA Davidson and a neutral stance, the pessimistic outlook around Okta intensified, contributing to the stock's bearish trajectory post-earnings report.

29.07.2024 - OKTA Stock was down 17.2%

• Okta's stock plummeted by 18.6% after reporting second-quarter earnings that fell short of market expectations, particularly in the forecasted revenue performance.
• The company highlighted challenges in a tough macro environment, especially in winning new business versus upsells, leading to issues with metrics like monthly active users and seat count, particularly in the SMB segment.
• Analysts expressed concerns about near-term headwinds overshadowing future growth potential, leading to a pessimistic outlook on Okta's performance.
• Despite beating second-quarter financial expectations, Okta's cautious guidance for slowing growth ahead and analysts cutting their forecasts post-results contributed to the stock's sharp decline.

05.11.2024 - OKTA Stock was up 5.0%

• Okta recently released its third-quarter earnings, surpassing revenue expectations and prompting a notable increase in its stock valuation.
• Market analysts express confidence in Okta's future prospects, highlighting its expanding customer base and strong guidance as primary growth catalysts.
• The favorable market trend surrounding Okta can be linked to the company's strong financial performance and positive forecasts, generating trust among investors and analysts.

29.07.2024 - OKTA Stock was down 19.0%

• Analysts turned bearish on Okta, with a target cut by DA Davidson, retaining a neutral stance, which might have contributed to the bearish movement.
• Despite strong revenue growth highlighted in the Q2 2025 earnings call, operational challenges might have raised concerns among investors, leading to the downward trend.
• The overall tech sector rebounded from Nvidia's earnings slide, but Okta's specific challenges and downgrades overshadowed the positive market sentiment, causing a bearish movement in the stock.

28.04.2025 - OKTA Stock was down 11.2%

• Wall Street forecasters adjusted their expectations before OKTA's Q1 earnings, yet the stock saw significant bearish movement.
• Investors may have engaged in profit-taking due to the anticipation of OKTA's earnings report falling short of expectations.
• The market's negative response could be attributed to analysts' revised expectations not being met.
• The bearish trend might be influenced by general market conditions or sector-specific factors affecting OKTA's performance.

04.11.2024 - OKTA Stock was up 7.1%

• Okta surpassed analyst estimates with third-quarter earnings reaching $665 million, exceeding projections.
• The company's robust guidance for future performance is believed to have instilled confidence in investors, leading to a surge in stock price.
• Expectations of favorable outcomes from an expanding client base in a challenging economic climate also likely contributed to the stock's bullish run.
• In summary, strong financial results and a positive outlook for the company's performance drove the surge in Okta's shares.

19.11.2024 - OKTA Stock was down 5.2%

• Despite positive analyst upgrades for other companies like Zoom Communications and Hewlett Packard Enterprise, OKTA faced a bearish trend, indicating a potential shift in market sentiment towards the stock.
• Factors contributing to OKTA's bearish movement could include lower-than-expected earnings, leadership changes, or concerns about future growth prospects within the company.
• Investors may be responding to broader market trends or sector-specific developments affecting cloud-based services, resulting in a sell-off of OKTA shares despite positive sentiment towards other tech companies.

04.02.2025 - OKTA Stock was up 13.6%

• Today, Okta's stock showed a significant upward movement.
• This surge is linked to favorable assessments from analysts and a positive company outlook.
• Analysts from DA Davidson and WestPark Capital raised Okta's rating and confirmed a Buy rating with a $140 price target before Q4 earnings, highlighting growth in identity security and expansion into new markets.
• Okta's optimistic projections, surpassing expectations, and solid growth in identity solutions increased investor confidence, fueling the market's bullish trend.

29.03.2025 - OKTA Stock was up 5.9%

• OKTA's bullish movement can be attributed to the announcement that it will replace Berry Global Group Inc. in the S&P MidCap 400 index, leading to increased investor interest and buying activity.
• The rising adoption of OKTA's Identity Threat Protection solution despite a stretched valuation indicates growing confidence in the company's future prospects, contributing to the positive market sentiment.
• The overall market volatility today may have also played a role in driving traders towards OKTA as a potential opportunity for gains amidst the market swings.