Professional
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
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)