Added to YB: 2024-12-09
Pitch date: 2024-12-06
OKTA [bullish]
Okta, Inc.
-3.95%
current return
Author Info
No bio for this author
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
$13.9B
Pitch Price
$85.05
Price Target
N/A
Dividend
N/A
Sector
IT Services
Category
growth
Okta (OKTA): A Lagging Software Gem Poised for 2025 Growth
OKTA: Strong Q3, conservative 9% RPO guide. 7% FY25 rev growth prelim view panic-induced selloff. Analysts clarified: less conservative but still beating. 20x FCF multiple cheap. New products (15% bookings) & AI seat pricing promising. Trough growth ending. Attractive M&A target at $83, 5-6% FCF yield.
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