Okta Inc. (NASDAQ: OKTA) stock shot up more than 10% the day after the cybersecurity company delivered a double beat in its Q4 earnings report for its 2026 fiscal year. For shareholders who have been holding the stock, the rally feels overdue. Even with the post-earnings surge, OKTA stock is still about 30% below its consensus price target.
While the stock price is moving up, analysts are lowering their price targets for OKTA stock. This could be a case of two things being true. In this case, OKTA stock may still be undervalued. However, with price targets below the consensus, investors have to wonder whether Okta is a long-term growth story in what should be a bullish space.
