Okta stock soars to 52-week high, reaches $116.97

Okta Inc (NASDAQ:OKTA). shares have surged to a 52-week high, with the stock price hitting $116.97. This peak reflects a significant recovery and a vote of confidence from investors in the identity management company’s growth prospects. With a market capitalization of $20.2 billion and impressive gross profit margins of 76%, Okta demonstrates strong fundamentals. According to InvestingPro analysis, the company currently trades slightly below its Fair Value. Over the past year, Okta has experienced a notable turnaround, with the stock delivering an impressive 50% return over the past six months and maintaining robust revenue growth of 15.3%. This upward trajectory is indicative of the company’s robust performance and its strategic position in the increasingly vital cybersecurity market. As businesses continue to prioritize digital security, Okta’s solutions remain in high demand, propelling the stock to new heights. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report for deeper analysis of Okta’s market position.

In other recent news, Okta, Inc. reported a strong close to its fiscal year 2025, with a 13% year-over-year revenue increase and a 25% growth in Remaining Performance Obligations (RPO), driven by engagement from large customers and new product introductions. RBC Capital Markets raised its price target for Okta to $120 from $115, maintaining an Outperform rating, following robust quarterly results that exceeded expectations. Similarly, Stifel analysts increased their price target to $120, citing Okta’s strong fourth-quarter performance and growth in RPO and current RPO.

BMO Capital Markets also adjusted its outlook on Okta, raising the price target to $130 due to improved execution and growth in performance obligations. Meanwhile, KeyBanc Capital Markets maintained its Overweight rating with a $135 price target, expressing confidence in Okta’s growth potential and strategic positioning in the cybersecurity space. TD Cowen held its Hold rating with a $110 price target, noting Okta’s impressive fiscal year close and positive guidance for fiscal year 2026.

Overall, these recent developments highlight analysts’ varied perspectives on Okta’s financial health and growth prospects, with several firms adjusting their price targets in response to the company’s performance and strategic initiatives.

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