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Added to YB: 2024-09-06

Pitch date: 2024-09-04

OKTA [neutral]

Okta, Inc.

+7.53%

current return

Author Info

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Company Info

Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization’s cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform’s secure access management to the device login experience; Universal Directory for a cloud-based system of record.

Market Cap

$14.0B

Pitch Price

$74.92

Price Target

N/A

Dividend

N/A

EV/EBITDA

42.95

P/E

60.35

EV/Sales

4.08

Sector

IT Services

Category

value

Show full summary:
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.

Read full article (6 min)