[REVISION HISTORY]

Okta, Inc. financial performance and stock valuation

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What changed

2026-09-07 04:55 UTC → 2026-09-10 13:37 UTC · added ~~removed~~

Okta, Inc. has experienced updates regarding its stock valuation and financial reporting. Financial institutions have issued increased price targets for the company, with Barclays raising its target from $170.00 to $180.00 while maintaining an ‘overweight’ rating. Other institutions, including Jefferies Financial Group and Susquehanna, have also set updated targets of $200.00 and $110.00, respectively. Following the company’s second quarter fiscal 2027 earnings call, Okta shares surged approximately 28% after the release of strong results and an upward revision of its full-year revenue outlook. The company reported revenue of $805 million, an 11% increase year-over-year, while subscription revenue rose 12% to $793 million. Adjusted earnings per share reached $1.05, surpassing the $0.97 forecast. Profitability showed significant improvement, with GAAP operating income rising to $107 million from $41 million in the previous year, doubling the GAAP operating margin to 13%. Growth indicators also improved, with remaining performance obligations (RPO) increasing 17% to $4.86 billion, while current RPO increased 14% to $2.59 billion, providing increased visibility into future revenue. CEO Todd McKinnon noted that the expansion of artificial intelligence is driving demand for identity security. New products accounted for 30% of total bookings, and the company noted dozens of AI-related deals, including a multi-million-dollar contract in the healthcare sector. Consequently, Okta raised its full-year revenue guidance to a range of $3.22 billion to $3.23 billion. ~~In a regulatory filing, CFO Brett Tighe sold 80,000 shares~~ This momentum continued as Okta’s stock rose nearly 29% following reports that the company, alongside CrowdStrike, exceeded analyst expectations. The surge is attributed to increased adoption of ~~Class A Common Stock on September 2, 2026, for approximately $12.9 million via a Rule 10b5-1 trading plan established in April 2026. Tighe maintains a significant ownership interest in~~ security solutions as businesses respond to rising AI-driven cyber threats. This performance contributed to gains across the ~~company.~~ broader cybersecurity sector, including Palo Alto Networks, Zscaler, and Rubrik.

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