Okta reported strong Q1 fiscal 2027 results, with revenue of $765 million, up 11% year-over-year, surpassing analyst expectations of $752 million. Adjusted earnings per share came in at 91 cents, beating the anticipated 85 cents. The company highlighted growing demand for its identity-management software, driven by the emerging market for AI-agent identity security. This signals increasing importance of identity protection as AI agents become more prevalent, positioning Okta for future growth opportunities.
Okta exceeded Wall Street's fiscal Q1 expectations with earnings per share of 91 cents and revenue of $765 million, driven by a surge in demand for identity security tools amid the rise of agentic AI. CEO Todd McKinnon highlighted that while AI-relat...
Analysts from Arete Research, KeyBanc, and Jefferies have issued optimistic ratings for Okta, projecting significant upside potential with price targets between $103 and $127, representing gains up to 37.68%. Okta is a leading identity security compa...
