NASDAQ:OKTA

Okta, Inc. (OKTA)

140.42
+3.51 (2.56%)
as of Jul 30, 2026, 8:00:00 pm Market Open.
68 watching
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Investor Insights
star iconJul 31, 2026, 12:00 am

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

Okta, Inc. is facing challenges in the market as experts express varying levels of confidence regarding its future, particularly in light of the increasing reliance on AI technology. One expert acknowledges the company's strong leadership but is skeptical about its ability to compete against AI chatbots, which may threaten its role in authentication services. Despite the projected earnings growth being modest at 7% by 2026, there is an indication that it trades at a relatively attractive price-to-earnings (PE) ratio of 23x, suggesting potential for investors to consider a small position. The prospect of Okta's capability to develop innovative authentication solutions remains a pivotal point, with analysts providing a price target of $115. Overall, while there are concerns, certain experts see it as a worthy investment opportunity contingent on future product developments.

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Consensus
Cautious
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Valuation
Fair Value
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PING, PING
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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