Wall Street Analysts Think Okta (OKTA) Could Surge 48.96%: Read This Before Placing a Bet

Core Viewpoint - Okta (OKTA) shows potential for significant upside, with a mean price target of $106.97 indicating a 49% increase from its current price of $71.81 [1] Price Targets - The mean estimate consists of 34 short-term price targets with a standard deviation of $15.56, suggesting variability in analyst predictions [2] - The lowest estimate of $75 indicates a 4.4% increase, while the highest estimate suggests a 95% surge to $140 [2] - A low standard deviation indicates a high degree of agreement among analysts regarding price movement [7] Analyst Sentiment - Analysts are optimistic about Okta's earnings prospects, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][9] - The Zacks Consensus Estimate for the current year has increased by 57.5% due to one upward revision and no negative revisions in the last 30 days [10] Zacks Rank - Okta holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11]