Added to YB: 2024-09-06
Pitch date: 2024-09-04
OKTA [neutral]
Okta, Inc.
+17.73%
current return
Author Info
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Company Info
Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta’s suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.
Market Cap
$14.8B
Pitch Price
$74.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
64.88
P/E
100.36
EV/Sales
4.66
Sector
IT Services
Category
value
What is the secure level to buy OKTA
OKTA (patience, support at $75): IAM leader at 4x FY26 rev, 22-23x FY26 non-GAAP EPS. Growth slowing to 10-14%, but improving margins/FCF. Bull case: sandbagging guidance, PE takeover potential. Risks: Microsoft competition, further deceleration. Technicals suggest patience, support at $75. Cheap, but needs catalyst.
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