Wall Street Adjusts Okta Earnings Forecast for Q3 Results

Author: Dylan Bailey Updated: 12-02-2025 07:12 AM

Wall Street Analysts Revise Okta Earnings Predictions

Okta, Inc. (NASDAQ: OKTA) is set to announce its earnings results for the third quarter shortly. Analysts are anticipating a significant development in the company's performance, with expectations centered around an increase in earnings per share.

Quarterly Earnings Expectations

Currently, experts predict that Okta will report earnings of approximately 76 cents per share. This figure represents an increase from the 67 cents per share observed in the same quarter last year. Additionally, the consensus for Okta’s revenue stands at around $730.44 million, a rise from $665 million a year ago.

Last Quarter's Performance

In the previous quarter, Okta reported revenues of $728 million, which exceeded analyst expectations of $712.01 million. Such performance showcases the company's ability to adapt and grow in a competitive market.

Current Stock Movement

As recent trading indicates, shares of Okta experienced a slight increase, closing up by 0.4% at $80.64. Investors are keenly observing these movements as earnings announcement day approaches.

Analyst Ratings Overview

Analysts have been actively reviewing Okta's performance and future prospects. Here’s a brief summary of recent analyst ratings:

JP Morgan's Brian Essex keeps an Overweight rating but has adjusted the price target from $140 to $115 due to market conditions. This rating indicates a commitment to the stock's anticipated growth potential.
Jefferies’ Joseph Gallo has maintained a Hold rating with a revised price target from $105 down to $90, reflecting a cautious approach to the stock's performance.
Cantor Fitzgerald analyst Jonathan Ruykhaver continues to support Okta with an Overweight rating, reducing the price target from $130 to $115 amidst fluctuating market dynamics.
Barclays’ Saket Kalia holds an Equal-Weight rating, adjusting the price target from $112 to $95 to ensure alignment with current market expectations.
Mizuho’s Gregg Moskowitz maintains an Outperform rating, revising the price target from $120 to $110, showcasing confidence in Okta's growth strategy.

Looking Forward

With several analysts expressing varied positions on Okta’s stock, potential investors are advised to monitor these developments closely. The upcoming earnings results will likely provide more clarity on the path ahead for Okta, considering its prior successes and current estimates.

Frequently Asked Questions

What are Okta’s expected earnings for Q3?

Experts foresee Okta reporting earnings of 76 cents per share for the third quarter.

How has Okta performed in the past quarter?

In the last quarter, Okta reported revenues of $728 million, exceeding expectations of $712.01 million.

What have analysts said about Okta’s stock?

Recent ratings from analysts show mixed evaluations, with price targets adjusted lower by several firms.

What was Okta’s stock closing price recently?

Okta shares closed at $80.64, with a slight increase of 0.4% noted.

What factors should investors consider about Okta?

Investors should weight Okta's recent performance, analyst ratings, and overall market trends when making investment decisions.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

Contact Dylan Bailey privately here. Or send an email with ATTN: Dylan Bailey as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.