Okta Inc. Quarterly Earnings Release Scheduled for August 26

Okta Inc. is set to release its quarterly earnings on August 26. The company’s financial performance will be closely watched by investors and analysts.

Analyst Predictions

Forty-one analysts have provided predictions for Okta’s quarterly earnings. The consensus estimate is a profit per share of approximately 0.84 USD, representing a significant improvement from the previous year’s 0.15 USD.

Price Target Adjustments

Barclays has lowered its price target for Okta to 100 USD from 120 USD. Other analysts are advising investors to buy the stock ahead of the earnings release.

Comparison to Peers

Okta’s performance will be closely watched in comparison to its peers in the security software sector. The company’s revenue growth is expected to be a key focus area for investors and analysts.