Okta aims for 15% revenue growth by 2026, with strong performance driven by strategic partnerships

Okta (OKTA) aims for a 15% revenue growth rate, projecting $2.85-2.86 billion by fiscal 2026. First-quarter 2026 revenue increased 11.5% to $688 million, with remaining performance obligations up 21%. Strong growth in high-growth offerings like Identity Governance and strategic partnerships like AWS are driving Okta’s success.

Microsoft (MSFT) poses stiff competition to Okta with Entra ID, supporting over 900 million users. CyberArk Software (CYBR) stands out with its advanced security platform. Okta’s stock has gained 24.5% YTD. Forward P/CF ratio is 23.11, with earnings estimates showing growth.

Okta stock carries a Zacks Rank #2 (Buy). Get insights on 5 potential home runs with Zacks Investment Research’s recommendations. Microsoft Corporation (MSFT) and CyberArk Software Ltd. (CYBR) also offer free stock analysis reports on Zacks. Stay updated with the latest recommendations from Zacks.

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