Okta surges on Q2 results beat

Okta

27/08/2026 10:11

     ** Shares of digital identity verification firm Okta OKTA.O jump more than 19% to $160.19 after Q2 results beat
     ** OKTA posts quarterly revenue of $805 mln vs analysts' estimates of $795.04 mln; adjusted EPS is $1.05, beating estimates of 97 cents
     ** Co sees Q3 revenue of $813 mln to $817 mln
     ** At least seven brokerages raise PT on stock post results - data compiled by LSEG
     ** "Identity has increased in importance in a WFA/Zero Trust/AI world, and we believe OKTA could be among the largest beneficiaries" - Jefferies
** Thirty-seven of 46 brokerages rate the stock "buy" or higher, eight "hold" and one "sell"; their median PT is $172.50 - data compiled by LSEG
** OKTA is up over 55% YTD

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))