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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

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)