Okta, Inc. (NASDAQ:OKTA) Targets Growth in the Cybersecurity Sector

• Jonathan Ruykhaver from Cantor Fitzgerald set a price target of $130 for Okta, Inc. (NASDAQ:OKTA), indicating a potential upside of about 42%.
• Okta's stock price increased in extended trading hours following the announcement of strong earnings results and an upgraded outlook.
• The company's market capitalization stands at approximately $15.3 billion, with a trading volume of 8,726,890 shares, showcasing its significant presence in the cybersecurity sector.

Okta, Inc. (NASDAQ:OKTA) is a prominent player in the cybersecurity industry, providing identity and access management solutions. The company helps organizations secure their digital environments by managing user identities and access permissions. Okta competes with other cybersecurity firms like Microsoft and Ping Identity, striving to offer robust security solutions in an increasingly digital world.

On August 27, 2025, Jonathan Ruykhaver from Cantor Fitzgerald set a price target of $130 for Okta. At that time, the stock was trading at $91.56, suggesting a potential upside of about 42%. This optimistic outlook reflects confidence in Okta's growth potential and market position.

Recently, Okta's stock price saw a rise in extended trading hours after the company released strong earnings results. The cybersecurity firm not only reported robust financial performance but also upgraded its outlook, citing better-than-expected macroeconomic conditions. This positive news led to a surge in Okta's stock, reaching a high of $95.

Currently, Okta's stock is priced at $91.56, showing a slight increase of 0.23% or $0.21. Throughout the day, the stock fluctuated between a low of $90.81 and a high of $93.39. Over the past year, Okta's stock has seen a high of $127.57 and a low of $70.56, indicating some volatility in its trading pattern.

Okta's market capitalization stands at approximately $15.3 billion, reflecting its significant presence in the cybersecurity sector. Today's trading volume for Okta is 8,726,890 shares, highlighting active investor interest. As the company continues to perform well, it remains a key player to watch in the cybersecurity market.