Okta Price Target Lowered to $105 by Jefferies

Research firm cites concerns about the company's growth outlook

Mar. 2, 2026 at 3:15pm by Ben Kaplan

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Jefferies Financial Group has lowered its price target for Okta (NASDAQ:OKTA) from $125 to $105, while maintaining a "buy" rating on the stock. The research firm cited concerns about the company's growth outlook in a research note issued to clients and investors on Monday.

Why it matters

Okta is a leading provider of identity and access management solutions, and its stock performance is closely watched by investors in the cybersecurity sector. The lowered price target from a prominent research firm could signal broader concerns about the company's growth prospects.

The details

In the research note, Jefferies analysts said they have cut their price target on Okta from $125 to $105, while reiterating a "buy" rating on the stock. The analysts cited a number of factors, including the company's recent financial results and guidance, as well as broader macroeconomic conditions that could impact Okta's business.

  • Jefferies issued the research note on Monday, March 2, 2026.

The players

Jefferies Financial Group

A global investment banking firm that provides research coverage on Okta.

Okta, Inc.

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

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

The lowered price target from Jefferies highlights the ongoing challenges facing Okta and the broader cybersecurity industry, as companies navigate a complex and evolving market landscape. Investors will be closely watching the company's future financial performance and growth outlook in the coming quarters.