What is Scotiabank’s Forecast for Okta FY2027 Earnings?

Okta, Inc. (NASDAQ:OKTA) – Equities researchers at Scotiabank issued their FY2027 earnings per share estimates for shares of Okta in a report issued on Thursday, March 5th. Scotiabank analyst P. Colville expects that the company will earn $1.59 per share for the year. Scotiabank has a “Sector Perform” rating and a $80.00 price target on the stock. The consensus estimate for Okta’s current full-year earnings is $0.42 per share.

OKTA has been the subject of several other research reports. Mizuho reduced their price objective on shares of Okta from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Wall Street Zen raised shares of Okta from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Citigroup reduced their price target on shares of Okta from $100.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday. Stifel Nicolaus decreased their price target on shares of Okta from $121.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday. Finally, KeyCorp lowered their price objective on Okta from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.25.

Okta Trading Up 1.3%

Shares of Okta stock opened at $80.72 on Friday. The company’s 50-day moving average price is $85.06 and its 200-day moving average price is $87.38. Okta has a 12-month low of $68.77 and a 12-month high of $127.57. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 61.62, a PEG ratio of 3.08 and a beta of 0.79.

Okta (NASDAQ:OKTA) last posted its earnings results on Wednesday, March 4th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Okta had a return on equity of 4.18% and a net margin of 8.05%.The business had revenue of $761.00 million during the quarter, compared to analyst estimates of $749.87 million. During the same quarter in the previous year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS.

Institutional Investors Weigh In On Okta

A number of large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Okta during the 3rd quarter valued at about $26,000. Elevation Wealth Partners LLC increased its stake in Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares during the period. Promus Capital LLC bought a new stake in Okta in the second quarter valued at approximately $27,000. SHP Wealth Management bought a new stake in Okta in the fourth quarter valued at approximately $27,000. Finally, Torren Management LLC purchased a new stake in shares of Okta during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Insider Activity at Okta

In other Okta news, CFO Brett Tighe sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total value of $950,700.00. Following the completion of the transaction, the chief financial officer owned 134,385 shares of the company’s stock, valued at $12,775,981.95. The trade was a 6.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd Mckinnon sold 11,286 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $90.96, for a total transaction of $1,026,574.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,927 shares of company stock worth $3,272,658 in the last 90 days. 5.68% of the stock is currently owned by corporate insiders.

Okta declared that its Board of Directors has initiated a stock repurchase program on Monday, January 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Key Okta News

Here are the key news stories impacting Okta this week:

• Positive Sentiment: Q4 results beat and signs of enterprise traction — Okta reported stronger-than-expected Q4 revenue and EPS (revenue ~$761M, EPS $0.90) with cRPO/contract metrics up, which underpins the near-term rally. Okta Earnings Beat, But Growth Questions Remain
• Positive Sentiment: AI‑agent product traction — Management said AI‑related products (e.g., Auth0 for AI Agents / Okta for AI Agents) contributed meaningfully to Q4 bookings and the company exceeded $3B in ACV, giving a credible growth narrative tied to securing non‑human identities. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Positive Sentiment: Analyst upgrades and bullish notes — Multiple brokers reiterated or upgraded coverage after the print (BMO upgraded to Outperform with a $97 PT; JPMorgan raised its PT slightly; Jefferies/DA Davidson remain constructive), which supports near‑term upside. BMO Capital Upgrades Okta to Outperform
• Neutral Sentiment: Mixed analyst positioning — while some firms kept or raised price targets, many others trimmed targets on a mix of valuation and near‑term growth concerns; consensus views show upside but with varied conviction. Okta To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Friday
• Neutral Sentiment: Equity plan / shelf filing announced — Okta filed a $763M shelf tied to an ESOP equity offering; routine for employee programs but worth noting for potential future supply. Okta Ties AI Security Push To Larger Contracts And Equity Plans
• Negative Sentiment: Cautious FY‑2027 guidance and Q1 outlook — management’s FY‑27 and Q1 guidance implied a near‑term revenue deceleration (Q1 revenue guide slightly below Street estimates), which tempers the rally and keeps longer‑term growth questions alive. Okta’s Q4 results surpass estimates, but guidance appears mixed
• Negative Sentiment: Competition and execution questions on the AI agent opportunity — analysts warn that the AI‑agent TAM is attractive but unproven; large cloud players and security vendors are building competing solutions, making monetization and sustained re‑acceleration uncertain. Okta: Bigger Deals And Renewed Growth, Thanks To Agentic AI
• Negative Sentiment: Analyst price‑target cuts — several brokers trimmed targets post‑earnings despite positive notes, signaling caution on valuation and the company’s ability to reaccelerate growth. Benzinga Coverage of Price Target Changes

About Okta

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.