Key Stats for Okta Stock
- Pre-market price change for Okta stock: 2%
- $OKTA Share Price as of Mar. 4: $72
- 52-Week High: $128
- $OKTA Stock Price Target: $108
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What Happened?
Okta (OKTA) stock is moving higher after the identity security company beat Wall Street estimates for Q4.
- Revenue came in at $761 million, topping the $749 million analysts expected.
- Adjusted earnings per share landed at $0.90, ahead of the $0.85 estimate.
- Revenue grew 11% from a year ago, and net income jumped from $23 million to $63 million.
- The subscription backlog — known as remaining performance obligations — rose 15% year-over-year to $4.83 billion. That crushed the $4.62 billion estimate.
- It’s a forward-looking number, and a big beat there signals healthy demand ahead.
Chief Executive Officer and Co-Founder Todd McKinnon leaned into the AI opportunity on the earnings call.
He pointed to the surge in AI agents across enterprises and the urgent need to secure them.
Okta launched two new products this quarter — Auth0 for AI Agents and Okta for AI Agents — targeting exactly this problem.
New products now make up roughly 30% of Q4 bookings.
McKinnon put it simply: “You have to have trust, and you have to have a reputation that you can deliver this securely.”
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What the Market Is Telling Us About Okta Stock
Okta stock was down 14% year-to-date heading into earnings, so the beat gave investors something to cheer about.
But the guidance was soft. The company guided Q1 revenue to $749–$753 million, short of the $755 million analysts expected.
Management called it a “prudent approach” — the same language used last quarter. Full-year guidance of $3.17–$3.19 billion was roughly in line with estimates.
So Okta stock gets a relief rally today, but the bigger question is whether the AI agent opportunity can actually move the growth needle.
Right now it’s early. The numbers are small relative to Okta’s $3 billion run rate in revenue. But the pipeline is building, and the demand signals are real.
Okta stock is worth watching closely as the agentic AI market develops.
Identity security could become one of the most important layers of enterprise infrastructure — and Okta is positioning itself to own it.
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How Much Upside Does Okta Stock Have From Here?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
