Added to YB: 2026-05-07
Pitch date: 2026-05-04
OKTA [neutral]
Okta, Inc.
+0.1%
current return
Author Info
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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
$13.4B
Pitch Price
$77.36
Price Target
127.00 (+64%)
Dividend
N/A
EV/EBITDA
40.80
P/E
57.78
EV/Sales
3.87
Sector
IT Services
Category
value
Okta, Inc. - $OKTA
OKTA (overview): Trades 3-4x fwd rev despite $863M FCF (30% margin) & $2.5B cash; bull case: AI agent governance addresses 50:1 non-human identity explosion, launching GA Apr'26; risk: NRR fell 106% from 120% on seat cuts & MS Entra bundling. Mgmt guides conserv 9% FY27 growth to $3.18B, 27% op margin. 2 breaches '22-'23 hit trust but clean 2+ yrs since. FY28 upside $200-350M AI rev; bear: NRR decay to 103%, MS displacement accelerates, 3rd incident kills trust.
Read full article (33 min)