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Wajeeh Khan

Needham Just Upped Its Price Target on OKTA Stock. Here's Why.

Okta Needham Mike Cikos

Needham’s senior analyst Mike Cikos says Okta (OKTA) shares are worth buying ahead of the company’s upcoming annual conference. Cikos maintained a “Buy” rating on OKTA this morning and raised his price target to $230, signaling potential upside of more than 20% from current levels.

His bullish research note is significant given Okta stock has already been a major outperformer in 2026, currently trading at more than 2x its price at the start of this year.

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