BTIG analyst Gray Powell reiterated a Buy rating on Okta (NASDAQ:OKTA) on Wednesday, setting a price target of $302, which is approximately 52.46% above the present share price of $198.08.
Powell expects Okta to post earnings per share (EPS) of -$1.83 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Okta, with an average price target of $285.78.
The analysts price targets range from a high of $320 to a low of $230.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $315.5 million and a net profit of -$263.44 million. The company's market cap is $30.64 billion.
According to TipRanks.com, BTIG analyst Gray Powell is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.8% and a 61.45% success rate.
Okta, Inc. provides identity management services to enterprises. Its products include Single Sign-On, Adaptive Multi-Factor Authentication, Mobility Management, Lifecycle Management, Universal Directory, API access management, API products and integration network services.