Added to YB: 2024-12-17
Pitch date: 2024-12-14
OKTA [bullish]
Okta, Inc.
-4.11%
current return
Author Info
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
$84.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
42.95
P/E
60.35
EV/Sales
4.08
Sector
IT Services
Category
growth
Okta: Like Palantir Two Years Ago.
OKTA: Cloud identity mgmt co. poised for AI-driven growth. 17yr focus, new Okta AI launch. AI agents to multiply identities managed & boost product criticality. P/S 5.5x doesn't price in potential. Strong gov't traction, improving financials (23% CFO/rev). New products 15% of bookings. Asymmetric opportunity as AI economy foundation.
Read full article (9 min)