Okta, Inc. (NASDAQ: OKTA) Stock Analysis: A Look at Recent Analyst Ratings and Trading Activity

Font: Financial Modeling Prep  • Feb 24, 2026

• Cowen & Co. maintains a "Hold" rating on Okta, adjusting the price target from $115 to $105.
• There's been a 52% increase in put options trading, indicating potential investor concerns.
• Several analysts have lowered their price targets for Okta, though most maintain positive ratings.

Okta, Inc. (NASDAQ: OKTA) is a prominent player in the identity and access management industry, providing secure cloud-based solutions for businesses. The company competes with firms like Microsoft and IBM in the cybersecurity space. On February 24, 2026, Cowen & Co. maintained its "Hold" rating for Okta, with the stock priced at $69.51. TD Cowen also adjusted Okta's price target from $115 to $105.

The stock has seen significant activity, with an unusually high volume of options trading. Traders purchased 16,957 put options, a 52% increase from the average daily volume of 11,146. This surge in options trading indicates heightened investor interest and potential concerns about the stock's future performance.

Several Wall Street analysts have shared their forecasts for Okta. Stifel Nicolaus lowered their price target from $130 to $121 but maintained a "buy" rating. Morgan Stanley also reduced their price target from $123 to $110, while assigning an "overweight" rating. Canaccord Genuity Group reaffirmed a "buy" rating with a price objective of $120.

Despite these adjustments, Okta's stock price remains at $69.51, reflecting a decrease of 6.43% or $4.78. The stock has fluctuated between a low of $68.77 and a high of $73.55 today. Over the past year, it reached a high of $127.57 and a low of $68.77, indicating significant volatility.

Okta's market capitalization is approximately $11.78 billion, with a trading volume of 4,768,533 shares on the NASDAQ exchange. This data highlights the company's substantial presence in the market, despite recent fluctuations in its stock price and analyst ratings.