BTIG Research Cuts Okta Price Target to $90

Analysts lower price target on cybersecurity firm Okta amid market volatility

Mar. 2, 2026 at 4:23pm by Ben Kaplan

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BTIG Research has lowered its price target on Okta (NASDAQ:OKTA) from $116 to $90, while maintaining a "buy" rating on the stock. The analysts cited ongoing market volatility as the reason for the reduced price target, though they still see upside potential for the cybersecurity firm.

Why it matters

Okta is a leading provider of identity and access management solutions, an important segment of the cybersecurity industry. The company's stock price has been volatile in recent months amid broader market swings, and this price target reduction from a prominent research firm reflects the uncertainty facing the tech sector.

The details

In a research report, BTIG analysts lowered their price target on Okta from $116 to $90, while reiterating a "buy" rating on the stock. The analysts noted that the reduced target price still represents a potential upside of 24.14% from Okta's current trading level. The report cited the ongoing market volatility as the primary reason for the lower price target, though BTIG remains bullish on Okta's long-term prospects.

  • BTIG Research issued the updated price target and rating on Monday, March 2, 2026.

The players

BTIG Research

An equity research firm that covers Okta and other technology companies.

Okta

A leading provider of identity and access management solutions, headquartered in San Francisco, California.

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The takeaway

This price target reduction from BTIG Research reflects the ongoing volatility in the tech sector, which has impacted Okta's stock price in recent months. However, the firm's continued "buy" rating suggests they still see long-term growth potential for the cybersecurity company, despite the near-term market challenges.