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Okta (OKTA, Internet Services & Infrastructure) Stock Valuation & Fair Value Significantly overvalued

Okta (OKTA, Internet Services & Infrastructure) trades at a blended P/E of 55.9, about 54% above its historical normal valuation, with a forward growth estimate of 11.3% and a PEG of 4.95. Priced at its historical normal P/E of 36.4 on the same blended earnings, the 2026-10-02 close of $211.49 corresponds to about $138 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
55.9
Normal P/E
36.4
PEG
4.95
Fwd growth
11.3%
Div yield
0.0%
RSI (14)
71.4
Overbought
Technical context
  • Price $220.21 at the 2026-10-08 close, 9.7% above the 20-day average ($200.73) and 28.6% above the 50-day ($171.28).
  • RSI (14) at 71.4.
  • 52-week range $62.93 to $220.21: the price is at the high and 249.9% above the low.

The Street vs SeerForecast

Wall Street's mean price target for OKTA is $212.25 across 43 analysts, 3.6% below the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: significantly overvalued. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has not changed since 2026-08-21, but its reason has: it read poor on forward returns then and reads significantly overvalued now.

Blended P/E and rating by weekBlended P/E moved from 36.4 to 55.9 between 2026-08-21 and 2026-10-02, against a normal P/E of 36.4, with 0 rating changes over 16 recorded weeks.2026-08-21: P/E 36.4, Poor on forward returns, recalculated for the week of 2026-08-212026-08-21: P/E 36.6, Poor on forward returns, recorded live 2026-08-242026-08-27: P/E 36.6, Poor on forward returns, recalculated for the week of 2026-08-272026-08-28: P/E 36.6, Poor on forward returns, recalculated for the week of 2026-08-282026-08-28: P/E 36.6, Poor on forward returns, recalculated for the week of 2026-08-302026-08-28: P/E 44.4, Poor on forward returns, recorded live 2026-08-312026-09-04: P/E 44.4, Poor on forward returns, recalculated for the week of 2026-09-052026-09-04: P/E 45.5, Poor on forward returns, recorded live 2026-09-072026-09-11: P/E 45.5, Poor on forward returns, recalculated for the week of 2026-09-122026-09-11: P/E 44.3, Poor on forward returns, recorded live 2026-09-142026-09-18: P/E 44.3, Poor on forward returns, recalculated for the week of 2026-09-192026-09-18: P/E 48.4, Poor on forward returns, recorded live 2026-09-212026-09-25: P/E 51.7, Significantly overvalued, recalculated for the week of 2026-09-262026-09-25: P/E 51.7, Significantly overvalued, recorded live 2026-09-282026-10-02: P/E 55.9, Significantly overvalued, recalculated for the week of 2026-10-032026-10-02: P/E 55.9, Significantly overvalued, recorded live 2026-10-0540.045.050.055.0Aug 21Aug 31Sep 11Sep 22Oct 2Normal P/E 36.4
Poor on forward returnsSignificantly overvalued

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-08-21P/E 36.4-0%Poor on forward returns (recalculated)
2026-10-03P/E 55.9+54%Significantly overvalued (recalculated)
2026-10-05P/E 55.9+54%Significantly overvalued ← now
Show all 16 weeks
WeekBlended P/EPremium to normal P/ERating
2026-08-21P/E 36.4-0%Poor on forward returns (recalculated)
2026-08-24P/E 36.6+1%Poor on forward returns
2026-08-27P/E 36.6+1%Poor on forward returns (recalculated)
2026-08-28P/E 36.6+1%Poor on forward returns (recalculated)
2026-08-30P/E 36.6+1%Poor on forward returns (recalculated)
2026-08-31P/E 44.4+22%Poor on forward returns
2026-09-05P/E 44.4+22%Poor on forward returns (recalculated)
2026-09-07P/E 45.5+25%Poor on forward returns
2026-09-12P/E 45.5+25%Poor on forward returns (recalculated)
2026-09-14P/E 44.3+22%Poor on forward returns
2026-09-19P/E 44.3+22%Poor on forward returns (recalculated)
2026-09-21P/E 48.4+33%Poor on forward returns
2026-09-26P/E 51.7+42%Significantly overvalued (recalculated)
2026-09-28P/E 51.7+42%Significantly overvalued
2026-10-03P/E 55.9+54%Significantly overvalued (recalculated)
2026-10-05P/E 55.9+54%Significantly overvalued ← now

Frequently asked questions

Is Okta stock overvalued?

At a blended P/E of 55.9 versus its historical normal P/E of 36.4, Okta trades about 54% above its typical valuation, with a PEG of 4.95 on 11.3% forward growth. tickerseer currently rates it significantly overvalued.

What is Okta's fair value and PEG?

Okta trades at a blended P/E of 55.9 against a historical normal P/E of 36.4, a PEG of 4.95, and a forward growth estimate of 11.3%. Priced at its historical normal P/E of 36.4 on the same blended earnings, the 2026-10-02 close of $211.49 corresponds to about $138 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Okta changed?

tickerseer's rating has not changed since 2026-08-21, but its reason has: it read poor on forward returns then and reads significantly overvalued now.

What is the analyst price target for Okta?

The mean Wall Street price target for Okta is $212.25 across 43 analysts, 3.6% below the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Internet Services & Infrastructure. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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