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Added to YB: 2024-12-09

Pitch date: 2024-12-06

OKTA [bullish]

Okta, Inc.

-6.67%

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

$85.05

Price Target

N/A

Dividend

N/A

EV/EBITDA

43.25

P/E

60.70

EV/Sales

4.10

Sector

IT Services

Category

growth

Show full summary:
Okta (OKTA): A Lagging Software Gem Poised for 2025 Growth

OKTA: Strong Q3, conservative 9% RPO guide. 7% FY25 rev growth prelim view panic-induced selloff. Analysts clarified: less conservative but still beating. 20x FCF multiple cheap. New products (15% bookings) & AI seat pricing promising. Trough growth ending. Attractive M&A target at $83, 5-6% FCF yield.

Read full article (3 min)