<- Go home

Added to YB: 2024-12-17

Pitch date: 2024-12-14

OKTA [bullish]

Okta, Inc.

+7.34%

current return

Author Info

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

$14.8B

Pitch Price

$84.01

Price Target

N/A

Dividend

N/A

EV/EBITDA

64.88

P/E

100.36

EV/Sales

4.66

Sector

IT Services

Category

growth

Show full summary:
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)