Added to YB: 2024-12-09
Pitch date: 2024-12-06
OKTA [bullish]
Okta, Inc.
-6.67%
current return
Author Info
No bio for this author
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
$14.1B
Pitch Price
$85.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
43.25
P/E
60.70
EV/Sales
4.10
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.
Read full article (3 min)