OKTA shares returns on profitability, demand and support for analysts – Magic Post

OKTA shares returns on profitability, demand and support for analysts

 – Magic Post

Octa today

OKTA logo, Inc.
93.63 dollars +2.07 (+2.26 %)

As of 01:58 pm

52 weeks
$ 70.56

127.57 dollars

P/E ratio.
148.67

The target price
117.69 dollars

There was a technical reflection of brewing for okta’s Nasdak: Octa The stock market over the past two years, and the market has reached a critical turning point. The results of the second quarter confirm its position in the world of cybersecurity, including increasing demand, speeding up growth, and improving directives that are likely to exceed performance.

Speck to growth is a factor because it indicates the bottom of a course; OKTA growth is strong but slowed down to the lowest multi -year level in the first quarter. Fast food includes the superior performance in relation to the consensus of the reported Marketbeat and the improvement of profitability with the profits of acceptable accounting principles in general and Positive free cash flow In the mixture.

OKTA challenges expectations: grows, accelerates, and excels in FQ2

OKTA achieved a strong quarter in FQ2, where he got net net revenues of 728 million dollars, which represents a 13 % increase compared to the same period last year. The force was driven by an increase of 12 % in the main subscription field, surpassing consensus by more than 220 basis points. RPO, the main indicator of revenue, grows by 18 %, indicating that the acceleration will continue in the next seasons.

Gate news is large. The company not only returned to the GAAP profit, but it expanded the modified operating margin by 500 basis points. The clear result is an increase of 36 % in operating profits and strong free cash flow. The modified profits of $ 0.91 increased by $ 26 % and over 500 basis points.

The guidance is somewhat mixed, but the strengths compensate for its weaknesses. Weakness appears in Outlook Q3, which expects the strength of the upper line above consensus, but EPS must be in line with it. Details of displacement are full -year expectations, which include revenue and profits expectations above consensus numbers.

The possible result is that the Q3 and the general performance will be stronger than expected.

and There are no red flags in the public budget For investors to worry. The company has a good capital, which generates a positive cash flow in the second quarter, which is enough to increase its cash position and assets while reducing debt and opponents.

The clear result is the improvement of 460 mainly shares in shareholders’ shares, accompanied by constantly raising a total low level, with total obligations less than 0.5 times the shares.

Analysts and institutions lead the price of Octa to the top

OKTA stock expectations today

The stock price expectations for 12 months:
117.64 dollars
Moderate purchase
Based on 37 analyst classification
The current price 94.50 dollars
High expectations 140.00 dollars
Average expectations 117.64 dollars
Low expectations $ 75.00

OKTA stock forecast details

Analyst and institutional trends are optimistic with OKTA and the leadership of stock prices in the third quarter. It includes institutions that buy at a rate of 2 to 1 against sellers, which are a strong and powerful trend due to their ownership by 87 % of the shares, as well as increasing analysts coverage.

The coverage with double numbers rises in the previous 12 months, with the feelings remaining in the moderate Buy, and the bullish bias, where 59 % of 37 assessments are purchased, and the target of the price is still unchanged.

The target price is a decisive factor, as approximately 30 % are expected in late August and the return of this market to the highest level in the long run.

The technical procedure after the release was favorable. The market increased by 5 % in the pre -market trade and opened with a gap.

This step shows support at critical levels, but also carries a danger. The early step is stopped in EMA for 150 days, which can gain Cap in the Q3 calendar.

The mitigation factor is that support remains clear in EMA for 30 days, which acts as a short -term launch platform who can help maintain this market height. OKTA shares can move over EMA for 150 days in this scenario and it is possible Gain the bullish momentum When he does.

OKTA stock scheme

Before you think about OKTA, you will want to hear this.

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