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Barchart
Subhasree Kar

Okta Stock Just Got a New Street-High Price Target

Okta Needham

Okta (OKTA) is giving investors another reason to revisit its growth story after a stronger-than-expected second-quarter performance sparked a fresh wave of Wall Street optimism.

Needham has now raised its price target to a Street-high $200 from $140 on Aug. 27 and maintained a “Buy” rating, citing broad-based demand across Okta’s Workforce and Customer Identity platforms, strength among large enterprises and momentum in newer products such as Identity Governance. The bullish call comes after Okta reported better-than-expected Q2 results and lifted its full-year outlook, with growing demand for identity security amid the rise of artificial intelligence (AI) agents adding another potential catalyst.

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