NASDAQ · STOCK
Okta, Inc.
$141.93
52W $62.66 – $157.00
55/100
$23.58B
101.4
0.77
Is OKTA Bullish or Bearish?
Mixed.
Innellis AI committee rates Okta, Inc. (OKTA) Watch with a composite score of 55/100
, based on 7 analysts with 86% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +4.57 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -15.43 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
Some positive signals exist — eps growing 93.8% yoy — but they are not yet strong enough to justify a Buy. The committee is monitoring for confirmation.
Bull & Bear Case
Bull Case
- EPS growing 93.8% YoY — Growth
- 4 consecutive earnings beats -- consistent execution — Growth
- Price structure making higher highs and higher lows — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
- Low leverage (debt-to-equity 0.05) -- balance sheet can absorb a shock — Risk
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- P/E of 98.0 is expensive by classic value standards — Value
- ROE of only 3.6% -- cheap may mean cheap for a reason — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 16.4% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
55/100
Agreement
86%
Analysts
7
Conviction
High
Sector Rank
Top 35%
of 172 Technology peers
Value Analyst
neutral
44
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 98.0 is expensive by classic value standards
Growth Analyst
bullish
66
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 93.8% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.05) -- balance sheet can absorb a shock
− Bollinger bandwidth of 16.4% signals elevated volatility
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 54.1 to 55.4.
- Conviction strengthened -- analysts aligned more closely.
- Committee agreement increased sharply from 50% to 86%.
- New bearish signals: 4 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 3 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: Growth Analyst, Macro Analyst, News Analyst, Risk Analyst.
- New analyst(s) joined: Value Analyst.
Analyst-level changes:
- Growth Analyst: stance neutral->bullish; score 58->66 (+9); +1 bullish signal(s).
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- News Analyst: stance bullish->neutral; score 64->60 (-4).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: stance bearish->neutral; score 35->58 (+22); +1 bullish signal(s).
- Value Analyst joined: neutral at 44.
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
55.6
Neutral
MACD Histogram
-1.808
Bearish Momentum
Trend Direction
Uptrend
Weekly: Sideways
Market Structure
Hh Hl
Support
$90.86
Resistance
$142.28
Bollinger %B
0.44
Inside Bands
Price vs Moving Averages
EMA 9
$139.95
Above
EMA 21
$138.58
Above
EMA 50
$126.92
Above
EMA 200
$102.07
Above
Fundamental Analysis
Valuation
53
Growth
69
Profitability
0
Financial Health
75
Cash Flow
37
Valuation
P/E Ratio
101.4×
P/B Ratio
3.62×
PEG Ratio
1.17
Dividend Yield
0.00%
52W High
$157.00
52W Low
$62.66
Quality & Growth
ROE
3.4%
ROA
2.4%
Gross Margin
77.4%
Operating Margin
5.7%
Revenue Growth YoY
—
Debt / Equity
0.06
AI Fundamental Assessment
P/E ratio of 101.4 (rich relative to a 15-40x range); Price-to-book of 3.6x; PEG ratio of 1.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.0%; Return on assets of 0.0%; Net margin of 0.1%; Gross margin of 0.8%; Current ratio of 1.39 (tight short-term liquidity); Debt-to-equity of 0.06; Free cash flow margin of 1.0% (thin cash generation); Free cash flow per share is positive (5.12); Most recent quarter beat estimates by 4.7%; 4 consecutive earnings beats; EPS growth decelerating (+9.8% -> +1.1% QoQ); Analyst estimates rising over recent quarters
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