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Added to YB: 2024-12-20

Pitch date: 2024-12-19

OKTA [bullish]

Okta, Inc.

-0.6%

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

$14.0B

Pitch Price

$80.67

Price Target

115.00 (+43%)

Dividend

N/A

EV/EBITDA

42.95

P/E

60.35

EV/Sales

4.08

Sector

IT Services

Category

growth

Show full summary:
KeyBanc Sets $115 Target on Okta (OKTA)

OKTA: KeyBanc upgrades to Overweight, $115 PT. Identity security lead, 20x EV/FCF vs peers' 28x, seat headwinds easing FY26, SMB strength, IGA/PAM contribution, CIAM acceleration potential. Attractive risk/reward at current valuation.

Read full article (1 min)