---
title: "Okta gets rating upgrade at Canaccord"
description: "Canaccord Genuity upgraded Okta (NASDAQ:OKTA) from Hold to Buy, raising the price target from $115 to $120, citing favorable risk-reward. Analysts noted Okta's strong Q1 performance and anticipated co"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/254637343.md"
published_at: "2025-08-26T12:52:43.000Z"
---

# Okta gets rating upgrade at Canaccord

> Canaccord Genuity upgraded Okta (NASDAQ:OKTA) from Hold to Buy, raising the price target from $115 to $120, citing favorable risk-reward. Analysts noted Okta's strong Q1 performance and anticipated continued momentum into Q2. They acknowledged past performance issues but see potential improvements in Privileged Access Management and Identity Governance. The analysts view Okta as a unique identity security platform with acquisition potential following recent competitive mergers.

Canaccord Genuity upgraded Okta (NASDAQ:OKTA) to Buy from Hold and raised the price target on the stock to $120 from $115, noting a favorable risk-reward. Shares of Okta, which is slated to report its second quarter results postmarket on Aug. 26, were largely flat premarket on Tuesday. "After a stronger-than-expected Q1, which beat on all metrics, ...

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Peering Into Okta Inc's Recent Short Interest | Okta Inc's short interest has increased by 12.44%, with 7.61 million shares sold short, representing 5.06% of available  | [Link](https://longbridge.com/en/news/275638066.md) |
| S&CO Inc. Grows Stock Holdings in Okta, Inc. $OKTA | S&CO Inc. increased its stake in Okta, Inc. by 70.2% in Q3, owning 59,451 shares valued at $5.45 million. Other institut | [Link](https://longbridge.com/en/news/275455933.md) |
| Okta Expands Identity Security Partnership with PGA of America | Okta Inc. has expanded its partnership with the PGA of America to enhance identity security for employees, golf professi | [Link](https://longbridge.com/en/news/274987468.md) |
| Okta To Rally Around 28%? Here Are 10 Top Analyst Forecasts For Wednesday | Top Wall Street analysts have revised their price targets for several companies. Notably, Stephens & Co. increased Okta, | [Link](https://longbridge.com/en/news/272568300.md) |
| ChatGPT Thinks Okta Stock Will Close At This Price In The Next 60 Days | ChatGPT predicts Okta stock may reach $121.94 by late March, driven by improving margins and strong demand for identity  | [Link](https://longbridge.com/en/news/272463560.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.