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An announcement from Okta ( (OKTA) ) is now available.
On January 5, 2026, Okta announced that its board of directors had approved a share repurchase program authorizing the company to buy back up to $1 billion of its Class A common stock, effective immediately. The move, which can be executed via open market purchases, privately negotiated transactions, or other methods without a fixed expiration date, is framed as a signal of management’s confidence in Okta’s business fundamentals, long-term growth prospects, and perception that its shares are undervalued, while highlighting the company’s strong balance sheet and free cash flow generation that supports returning capital to shareholders alongside continued investment in growth.
The most recent analyst rating on (OKTA) stock is a Buy with a $108.00 price target. To see the full list of analyst forecasts on Okta stock, see the OKTA Stock Forecast page.
Spark’s Take on OKTA Stock
According to Spark, TipRanks’ AI Analyst, OKTA is a Outperform.
Okta’s overall stock score reflects strong financial stability and positive technical momentum. The company’s strategic focus on AI security and recent board enhancements are promising for future growth. However, high valuation and uncertainties in long-term guidance pose risks. Continued operational improvements and strategic execution will be key to sustaining investor confidence.
To see Spark’s full report on OKTA stock, click here.
More about Okta
Okta, Inc., listed on Nasdaq as OKTA, operates in the identity and access management industry, providing customer and workforce identity solutions that secure authentication, authorization, and access to technology for businesses, developers, users, employees, and partners worldwide. The company positions itself as an independent identity provider, focusing on using identity to drive security, operational efficiencies, and business success for enterprise clients and leading global brands.
Average Trading Volume: 2,387,256
Technical Sentiment Signal: Sell
Current Market Cap: $14.82B
See more insights into OKTA stock on TipRanks’ Stock Analysis page.