Wall Street Zen downgrades Okta stock to Hold

Published on 10/20/2026 at 21:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMO Capital set a USD 245 target on October 9. Okta stock costs EUR 172.99 on October 20, 2026, up 2.24 percent versus the Frankfurt close.

Wall Street Zen stance

On October 12, 2026, Wall Street Zen downgraded Okta from Buy to Hold.
BMO Capital raised its target from USD 230.00 to USD 245.00 on October 9, 2026.
Okta stock costs EUR 172.99 at Lang & Schwarz on October 20, 2026 at 9:13 p.m. CEST, 2.24 percent above the Frankfurt close of October 19, 2026.
Second-quarter fiscal 2027 revenue reached USD 805.00 million and adjusted earnings per share reached USD 1.05.

OKTA, US6792951054, Illustration mit AI erstellt.

Wall Street Zen downgraded Okta from Buy to Hold on October 12, 2026, while Okta stock was trading at EUR 172.99 at Lang & Schwarz on October 20, 2026 at 9:13 p.m. CEST, up 2.24 percent versus the Frankfurt close of October 19, 2026 at EUR 169.20. The rating change adds a cautious counterpoint to the stock's recent analyst support.

Analyst targets remain higher

BMO Capital raised its Okta price target from USD 230.00 to USD 245.00 on October 9, 2026, while maintaining an Outperform rating, as Markets Insider reported. Against the primary Nasdaq quote of USD 194.37 at 3:16 p.m. ET on October 20, 2026, that target stands 26.05 percent above the price.

The split between the Hold downgrade and the higher BMO target gives investors two distinct signals: valuation has become more demanding, but some analysts still see room for gains in identity security.

Quarterly results set the baseline

Okta reported USD 805.00 million in revenue and USD 1.05 in earnings per share for the second quarter of fiscal 2027, compared with USD 793.00 million in revenue and USD 0.96 in consensus earnings per share, according to MarketBeat on October 12, 2026. The same report put year-over-year revenue growth at 10.60 percent.

Price position and valuation

Okta's primary Nasdaq quote stood 17.77 percent below its USD 235.00 52-week high and 210.84 percent above its USD 62.66 low on October 20, 2026. The market capitalization was USD 32.5 billion and the price-to-earnings ratio was 117.07.

The current Nasdaq volume was 1,664,081 shares at 3:16 p.m. ET. Okta does not pay a dividend, so the valuation rests on earnings growth and cash generation rather than income.

Comparison with peers

Okta: up 2.24 percent versus the Frankfurt close, P/E 117.07, market capitalization USD 32.5 billion.

CrowdStrike: up 0.15 percent on Nasdaq, market capitalization USD 233.9 billion.

Zscaler: up 1.13 percent on Nasdaq, market capitalization USD 35.0 billion.

What the numbers mean

Okta's second-quarter revenue of USD 805.00 million was USD 12.00 million above consensus, while earnings per share exceeded consensus by USD 0.09. The result supports the operating picture, but the 117.07 price-to-earnings ratio leaves less room for execution setbacks than the quarterly revenue comparison alone suggests.

After hours, Okta stock was trading at EUR 172.99 at Lang & Schwarz on October 20, 2026 at 9:13 p.m. CEST, up 2.24 percent versus the Frankfurt close of October 19, 2026 (EUR 169.20). The further course of trading is shown by the continuously updated real-time quote of Okta stock.