--- title: "5-Star Jefferies Analyst Bumps Up Okta Stock Forecast to $170 as \"cRPO Likely to Accelerate Again\"" type: "News" locale: "en" url: "https://longbridge.com/en/news/296238884.md" description: "Jefferies analyst Joseph Gallo raised Okta's price target to $170 from $140, maintaining a Buy rating. He anticipates accelerating calculated remaining performance obligations (cRPO) in the second fiscal quarter, potentially exceeding guidance by over 2%. Positive demand signals and Okta's leadership in securing AI agent identities support this outlook. Gallo sees upside in FY27 subscription revenue and considers the current valuation attractive despite recent gains." datetime: "2026-08-18T13:34:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296238884.md) - [en](https://longbridge.com/en/news/296238884.md) - [zh-HK](https://longbridge.com/zh-HK/news/296238884.md) --- # 5-Star Jefferies Analyst Bumps Up Okta Stock Forecast to $170 as "cRPO Likely to Accelerate Again" 5-Star Jefferies lead analyst Joseph Gallo kept a Buy rating on Okta stock (OKTA) and bumped up his price target from $140 to $170. Gallo explained that "F2Q cRPO likely to accelerate again" as the Okta prepares its next financial report. The cybersecurity firm expects current calculated performance obligations (cRPO) to top company guidance of $2.510 billion by 2% or more. ### Summer Sale - Claim 70% Off TipRanks - Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions - Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks A 2% beat would push cRPO growth to roughly 13% year-over-year. Gallo noted that "investor expectations are high, & F3Q cRPO has to embed a path to further accel." He expressed confidence in this trend, adding that the outlook stays strong "given bookings set up + IGA/Agentic tailwinds." ## **Okta's Security Platform Sees Rising Demand** A quarterly survey of value-added resellers showed rising demand for Okta's security platform. Gallo written that "Survey Skewed Positive" for the second quarter, with average performance to sales targets ticking up 1.9% from the previous quarter. Resellers also selected Okta as a leader in securing autonomous AI agent identities. Gallo noted that "OKTA was also selected as the leader to secure agentic identity security (tied with MSFT)." The share of survey takers choosing Okta for agentic security jumped from 16% in the first quarter to 36% in the second quarter. ## **Analysts See Room for Higher Full-Year Revenue for OKTA** Gallo expects a stable flow of sales momentum to support higher subscription revenue targets. He stated that "room for sub rev upside in FY27 remains." Jefferies sees 1.5 to 2 percentage points of potential upside to company targets, which points to 12% subscription revenue growth. Gallo noted that third-quarter cRPO goals of 10.3% growth look easy to clear. He wrote that "F3Q cRPO seems reasonable." He pointed out that a target of 11.5% would only require mid-single-digit booking gains as comparisons ease and "AI should become more impactful." Gallo noted that while Okta shares have gained ground recently, the stock valuation remains fair. He wrote that "Shares have re-rated but remain attractive at 7x CY27 recurring rev w/ upside to ests easy to envision." Okta stock trades at 26.2 times estimated 2027 free cash flow. The new $170 price target values the company at 31.5 times projected 2027 free cash flow. ## **Is Okta a Good Stock to Buy Now?** On TipRanks, Okta stock (OKTA) continues to carry a Strong Buy consensus, based on 34 analysts issuing ratings in the past three months. This is based on 29 Buys, four Holds, and one Sell rating. The average 12-month OKTA stock price target is $137.27, implying about 4.2% downside risk from the current price level. (See **OKTA stock forecast**) ### Related Stocks - [OKTA.US](https://longbridge.com/en/quote/OKTA.US.md) - [OKTX.US](https://longbridge.com/en/quote/OKTX.US.md) - [JEF.US](https://longbridge.com/en/quote/JEF.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) ## Related News & Research - [Okta’s AI Tailwind Could Put This Forgotten Software Stock Back in Play](https://longbridge.com/en/news/296379793.md) - [Citizens Just Upgraded OKTA Ahead of Upcoming Catalysts. How to View OKTA Stock Now.](https://longbridge.com/en/news/295835341.md) - [Okta Raised on Bright AI Security Prospects Amid Rising Enterprise Identity Demand](https://longbridge.com/en/news/295680861.md) - [Okta (OKTA) Could Be 2% Undervalued Following Its Latest Run Higher](https://longbridge.com/en/news/295442385.md) - [Okta files Form 3 for Chief Legal Officer Morgan Scott](https://longbridge.com/en/news/295850492.md)