NASDAQ:OKTA

Okta, Inc. (OKTA)

118.72
-4.76 (3.85%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 6, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Analysts have mixed opinions on Okta, Inc. as it prepares to report earnings. While there is confidence in the CEO, there are concerns that the increasing popularity of chatbots may overshadow Okta's capabilities in identity management. The cybersecurity landscape is evolving, and some experts believe that the importance of the company's services will require them to compete against AI solutions, stressing that companies should invest in robust cybersecurity rather than relying solely on generic AI replacements. Despite a modest expected earnings growth of 7% by 2026, the stock trades at a relatively low price-to-earnings ratio of 23x. There's a suggestion to consider a small investment in Okta, particularly if they can successfully launch a machine authentication product, which analysts believe could significantly enhance their market position with a price target of $115.00.

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Consensus
Mixed
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Valuation
Undervalued
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BUY
Likes cybersecurity space a lot. OKTA's identity management is one he continues to do well with. Their interface lets you log in through their platform with a single secure sign-on.
TOP PICK
Cyber Security for businesses. There is a big focus on workplace technology stocks. Businesses are adapting and IT needs to adapt. He thinks there will be another big earnings growth ahead of them over the next couple of years as they bolt on more products to their platform. (Analysts’ price target is $297.08)
BUY
It sold off hard last month along with the cloud sector. But it had a product showcase today, plus their purchase of another cybersecurity company, Off Zero, are tailwinds. Shares jumped over 5%. This offers huge upside.
COMMENT
Today they reported higher than expected sales up 37% YOY though mixed guidance (say some but he disagrees) next quarter and full-year. One metric, remaining performance obligations are very good.
WEAK BUY
It reports next week and is worth buying, but buy only if you believe the market will change its attitude towards high-flying growth names that don't trade on earnings, but sales.
BUY
Cloud stocks have bounced back partially. OKTA got hammered in February and March, but has rebounded $20. This week, OKTA is announcing big new products, but the market doesn't care. Still, he thinks this is a good story though the stock is out of fashion.
BUY ON WEAKNESS
A fine cybersecurity stock. Got hammered today, despite the Nasdaq rising. They reported a strong quarterly Wednesday, but forecast higher losses for this quarter and year. Maybe worth buying on weakness now.
COMMENT
A cloud cybersecurity company that handles your login, a necessity during work-from-home. In October/early November it rolled over with other cloud stocks. Two weeks ago, they reports a blowout quarter with top and bottom line beats. They also issued strong Q4 guidance and cash flow. The stock popped 5% the next day and remains up, 125% YTD.
COMMENT
asfa
COMMENT

What he calls one of 15 Red Hot stocks: unstoppable growth stocks with a sky-high valuation (30-100x sales, not earnings) With Crowdstrike, is a cloud cybersecurity play. Offers only 30% revenue growth, though trades at 30x sales, which is insane, but what can he say? Danger of a downside hit at these levels.

BUY
Cloud-based cybersecurity company that secures login credentials which protects work networks. The stock has doubled YTD. They just had a virtual showcase which pushed the stock higher.
PARTIAL BUY
The sector is doing well. Okta does identity management for businesses and non-profits. Tread carefully. There is expensive. A partial buy.
PARTIAL SELL
They do cloud security. Good recurring revenue. Doing very well. Take some profits.
HOLD
Stock seems to be stalling in its uptrend. Prominent low a few weeks ago, and hasn't hit that again. Uptrend is weakly in place. Not dangerous when a stock consolidates. It is dangerous when it takes out a dominant low and has broken the 200-day moving average. This one looks OK for now.
PAST TOP PICK

(A Top Pick Apr 30/18, Up 138%) They are into identity cloud. They enable customers to connect through different platforms. It continues to grow.

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