RBC Capital lifts Okta stock price target to $120 from $115

According to RBC Capital analysts, Okta (NASDAQ:OKTA)’s latest financial quarter could be seen as a pivotal moment, signaling a potential acceleration in the company’s growth trajectory. The analysts believe that the path to upside is clear throughout the fiscal year 2026. They have expressed confidence in Okta’s progress and have adjusted their price target to align with the higher estimates.The update from RBC Capital underscores Okta’s strong quarter and the company’s positive outlook, hinting at a sustained growth pattern. Trading at $103.17, InvestingPro analysis suggests the stock is slightly undervalued, with additional ProTips highlighting the company’s strong cash position and growth potential. The analysts have reiterated their Outperform rating, indicating their positive stance on Okta’s stock amidst the company’s promising financial developments.

According to RBC Capital analysts, Okta’s latest financial quarter could be seen as a pivotal moment, signaling a potential acceleration in the company’s growth trajectory. The analysts believe that the path to upside is clear throughout the fiscal year 2026. They have expressed confidence in Okta’s progress and have adjusted their price target to align with the higher estimates.The update from RBC Capital underscores Okta’s strong quarter and the company’s positive outlook, hinting at a sustained growth pattern. Trading at $103.17, InvestingPro analysis suggests the stock is slightly undervalued, with additional ProTips highlighting the company’s strong cash position and growth potential. The analysts have reiterated their Outperform rating, indicating their positive stance on Okta’s stock amidst the company’s promising financial developments.

According to RBC Capital analysts, Okta’s latest financial quarter could be seen as a pivotal moment, signaling a potential acceleration in the company’s growth trajectory. The analysts believe that the path to upside is clear throughout the fiscal year 2026. They have expressed confidence in Okta’s progress and have adjusted their price target to align with the higher estimates.

The update from RBC Capital underscores Okta’s strong quarter and the company’s positive outlook, hinting at a sustained growth pattern. The analysts have reiterated their Outperform rating, indicating their positive stance on Okta’s stock amidst the company’s promising financial developments.

In other recent news, Okta, Inc. has reported a strong fourth quarter for fiscal year 2025, surpassing earnings and revenue expectations. The company reported a revenue of $682 million, exceeding its guidance by $14 million, and raised its fiscal year 2026 revenue forecast by $80 million. Analysts from several firms have responded positively to Okta’s performance, adjusting their price targets accordingly. Stifel increased its price target to $120, while maintaining a Buy rating, citing a robust increase in Remaining Performance Obligations. Piper Sandler raised its price target to $135, maintaining an Overweight rating, and noted Okta’s strong fiscal fourth quarter performance and positive outlook for 2026. Oppenheimer also lifted its price target to $135, highlighting the company’s growth in large customer accounts and product cross-selling. Scotiabank (TSX:BNS) adjusted its price target to $109, maintaining a Sector Perform rating, and acknowledged Okta’s strong financial performance. Bernstein raised its price target to $132, maintaining an Outperform rating, and emphasized Okta’s positive revenue rebound and improved margin guidance. These developments suggest a growing confidence among analysts in Okta’s potential for continued growth.

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