Added to YB: 2026-03-13
Pitch date: 2026-01-14
OKTA [bullish]
Okta, Inc.
-15.81%
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
$14.1B
Pitch Price
$93.78
Price Target
130.00 (+61%)
Dividend
N/A
EV/EBITDA
43.25
P/E
60.70
EV/Sales
4.10
Sector
IT Services
Category
growth
Okta, Inc. - $OKTA
OKTA: Leading identity security platform at $96, $17bn mkt cap. Business troughed after lapping renewal headwinds & GTM disruption. CRPO growing low-teens, sub rev high-single-digits, inflection in CY26. Identity = AI beneficiary vs app software disruption. OIG upsell (10% penetration), PAM via Axiom adds 18-24mo roadmap acceleration, positioning for AI agent security. 5.5x CY27 rev vs peers. PT $130 (~35% upside), supported by $1bn buyback. Risks: MSFT competition, seat-based exposure. Catalysts: earnings, agentic identity GA.
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