Okta Price Target Boosted by Royal Bank Of Canada

Analysts at Royal Bank Of Canada have increased their price target for Okta (NASDAQ:OKTA) to $230.00, indicating a potential upside of 12.80% from the stock's current price.

This move comes as part of a broader trend of upgrades and positive sentiment towards Okta in recent weeks. Multiple analysts, including Wells Fargo and Guggenheim, have increased their price targets for the company, citing improved fundamentals, identity-governance demand, AI-agent opportunities, and an expanding addressable market.

Okta's stock has been performing well, with shares opening at $203.89 on Thursday. The company's market cap stands at $35.64 billion, with a P/E ratio of 123.38 and a beta of 0.79.