Wall Street's leading financial experts have revised their projections for Okta Inc. as the company prepares to unveil its third-quarter earnings. The cybersecurity firm is expected to show growth in both revenue and earnings per share, building on its performance from the prior year and surpassing earlier estimates for the second quarter.
Okta's Upcoming Q3 Financial Disclosure Draws Revised Analyst Projections
On Tuesday, December 2nd, following the conclusion of market trading, Okta, Inc., a prominent identity and access management company headquartered in Santa Clara, California, is set to release its financial results for the third fiscal quarter. Market analysts are closely watching, with a consensus expectation for the company to report earnings of 76 cents per share. This figure represents a notable increase from the 67 cents per share recorded during the same period last year. Furthermore, the anticipated revenue for the quarter stands at $730.44 million, a rise from $665 million reported in the corresponding quarter of the previous year, according to financial data from Benzinga Pro.
In related news, Okta had previously surpassed analyst expectations for its second-quarter performance. The company announced revenues of $728 million, exceeding the analysts' forecast of $712.01 million. Following these positive indications, Okta's shares saw a modest appreciation, climbing 0.4% to conclude trading at $80.64 on the preceding Monday.
Several esteemed Wall Street analysts have recently updated their ratings and price targets for Okta. Brian Essex from JP Morgan maintained an 'Overweight' rating but adjusted the price target downwards from $140 to $115 on December 1, 2025. Joseph Gallo of Jefferies upheld a 'Hold' rating, reducing the price target from $105 to $90 on November 25, 2025. Cantor Fitzgerald's Jonathan Ruykhaver reaffirmed an 'Overweight' rating, albeit with a reduced price target from $130 to $115 on November 24, 2025. Saket Kalia from Barclays maintained an 'Equal-Weight' rating, lowering the price target from $112 to $95 on November 18, 2025. Lastly, Mizuho's Gregg Moskowitz kept an 'Outperform' rating but decreased the price target from $120 to $110 on November 17, 2025. These adjustments reflect a dynamic and closely scrutinized investment landscape surrounding Okta.
The proactive revisions by these financial analysts highlight the critical role that upcoming earnings reports play in shaping market sentiment and investment strategies. It underscores the importance for companies like Okta to consistently meet or exceed expectations, as even minor shifts in projections can lead to significant market reactions. For investors, these insights offer valuable perspectives on potential future movements of the stock.