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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

Show full summary:
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.

Read full article (3 min)