JMP Securities analyst Trevor J. Walsh has maintained their neutral stance on OKTA stock, giving a Hold rating today.
Trevor J. Walsh’s rating is based on Okta’s recent financial performance and strategic moves. The company reported strong results for the fourth quarter of fiscal year 2025, surpassing consensus estimates in both revenue and non-GAAP earnings per share. Additionally, Okta’s guidance for the upcoming fiscal year also exceeded expectations, indicating a positive outlook.
Despite these positive results, the decision to maintain a Hold rating may be influenced by the company’s recent reduction in workforce, which, while beneficial to operating margins, could have longer-term implications. Furthermore, while new product contributions have shown promise, the slower anticipated ramp-up of certain offerings like Privileged Access Management may temper immediate growth expectations. These factors combined suggest a balanced view of potential risks and opportunities, justifying the Hold rating.
In another report released today, Citi also maintained a Hold rating on the stock with a $110.00 price target.