Okta Stock Gains Ahead Of Q4 Earnings, Analysts Point To Improving Demand For Bullish Outlook: Retail Sentiment Soars

Wall Street expects Okta to post earnings per share (EPS) of $0.74, growing from $0.63 a year earlier. The company’s revenue is expected to rise to $668.91 million from $605 million.
Okta Office Facade.  (Photo by Smith Collection/Gado/Getty Images)
Facade of Okta office building with visible logo, San Francisco, California, August 20, 2024. (Photo by Smith Collection/Gado/Getty Images)
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Rounak Jain·Stocktwits
Updated Mar 05, 2026   |   2:29 PM EST
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Shares of Okta Inc. (OKTA) edged up in after-market trading on Friday ahead of the company’s fourth-quarter earnings.

According to The Fly, analysts expect Okta to post healthy fourth-quarter (Q4) results on Monday, driven by demand improvements and an order book worth $2.2 billion, allowing the company to balance mixed channel checks.

Wall Street expects Okta to post earnings per share (EPS) of $0.74, growing from $0.63 a year earlier. The company’s revenue is expected to rise to $668.91 million from $605 million.

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For the fiscal year 2024, Okta is expected to post an EPS of $2.77, growing 73% year-on-year. Revenue is expected to rise 15% YoY to $2.6 billion.

Data shows Okta has beaten estimates in each of the past four quarters.

Okta stock received a slew of price target hikes as analysts geared up for the company’s Q4 results. 

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Barclays noted that there is upside potential for Okta’s Q4 performance on the back of the remaining order book of $2.2 billion, allowing the company to balance out the mixed channel checks and seasonal nature of orders.

Mizuho noted that with markets in a “risk on” mode, there is an uptick in software sentiment and an improvement in demand patterns in other categories, such as data analytics and software-as-a-service (SaaS.)

On Stocktwits, retail sentiment around the Okta stock soared, entering the ‘extremely bullish’ (79/100) territory in the run-up to earnings. Message volume saw an uptick as well.

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OKTA retail sentiment.jpg
OKTA sentiment and message volume March 3, 2025, as of 3 am ET | Source: Stocktwits

Okta’s shares have gained nearly 15% year-to-date, while their six-month returns stood at 19%.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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