Okta's 54% Volume Drop Sends Stock to 135th in Trading Activity Amid Analysts' $120-130 Price Targets and Buy Ratings

On August 28, 2025, Okta (OKTA) traded with a volume of $650 million, a 54.03% decline from the previous day, ranking 135th in trading activity. The stock closed down 0.47% at $97.43.

UBS analyst Roger Boyd reiterated a Buy rating for Okta, setting a $130 price target. The analyst’s track record includes an 8.8% average return and a 60.53% success rate on recommended Technology sector stocks. Concurrently, Needham maintained a Buy rating with a $125 target, aligning with a broader analyst consensus of Moderate Buy and an average price target of $121.21. This suggests a collective expectation of approximately 24% upside from current levels.

Okta’s financial performance, as reported in its April 30 earnings, showed quarterly revenue of $688 million and net profit of $62 million. This compares to $617 million in revenue and a GAAP net loss of $40 million in the prior year, indicating improved profitability despite ongoing market volatility.

Analyst Jonathan Ruykhaver of Cantor Fitzgerald also reaffirmed a Buy rating with a $130 target, citing a 64.5% success rate in Technology sector coverage. Meanwhile, Canaccord Genuity upgraded Okta to Buy with a $120 target, reflecting growing confidence in the company’s strategic positioning within the cybersecurity space.

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