Amerx Initiates Coverage of Okta at Hold
Fintel reports that on October 8, 2026, Amerx initiated coverage of Okta (NASDAQGS:OKTA) (LSE:0KB7) with a Hold recommendation.
Okta, Inc., based in the United States, operates primarily within the technology sector, specializing in identity and access management services. The company offers cloud software that helps businesses secure user authentication into applications and facilitates developers in building identity controls into applications, website web services, and devices. On October 8, 2026, the stock's latest close was recorded at $220.20, following a pre-action close of $218.00 on October 7, 2026. This represents a price change of +3.56% over one week from a baseline close of $212.63 on October 1, 2026, and a price change of +31.39% over one month from a baseline close of $167.60 on September 8, 2026.
As of October 2, 2026, the current consensus target mean for the company stands at $216.95, with a median target of $228.48. This current consensus target mean represents an implied change of -1.47%. Previously, on September 15, 2026, the prior consensus target mean was $186.23, reflecting a consensus target revision of +16.50%. In its latest earnings report on August 26, 2026, Okta reported an actual EPS of 1.05, compared to the estimate of 0.9867, representing a surprise of +6.42%. The company's actual revenue was $805,000,000.00, compared to the estimated revenue of $810,938,923.00.
For the current recommendation period of September 1, 2026, the aggregate analyst sentiment shows a total of 52 recommendations, consisting of 13 strong buy, 30 buy, 9 hold, 0 sell, and 0 strong sell ratings. This translates to 82.7% positive, 17.3% hold, and 0.0% negative recommendations. In comparison, the prior recommendation period of August 1, 2026, had 12 strong buy, 28 buy, 11 hold, 1 sell, and 0 strong sell ratings, totaling 52 recommendations (76.9% positive, 21.2% hold, and 1.9% negative). Other recent analyst actions include Morgan Stanley maintaining an Overweight rating on September 29, 2026, Citizens maintaining a Market Outperform rating on September 28, 2026, and Scotiabank maintaining a Sector Outperform rating on September 28, 2026. Additionally, on September 25, 2026, Macquarie maintained an Outperform rating, Truist Securities maintained a Buy rating, and Stephens & Co. maintained an Overweight rating.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 8, 2026 | Amerx | Hold | initiated coverage | |
| September 29, 2026 | Morgan Stanley | Overweight | Overweight | maintained |
| September 28, 2026 | Citizens | Market Outperform | Market Outperform | maintained |
| September 28, 2026 | Scotiabank | Sector Outperform | Sector Outperform | maintained |
| September 25, 2026 | Macquarie | Outperform | Outperform | maintained |
| September 25, 2026 | Truist Securities | Buy | Buy | maintained |
| September 25, 2026 | Stephens & Co. | Overweight | Overweight | maintained |
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This story originally appeared on Fintel.