COMMENT
Okta, Inc.

Reported two weeks ago: great numbers with a clean beat and raised their quarter. Shares popped and can continue to rise, but a recent major hack involved cracking a company network by breaking into an employee's Okta logging credentials.

Technology
PARTIAL BUY
Okta, Inc.

Has been following company closely.
Identity verification a good space to be in.
Heavy competition from Microsoft etc.
Potential for company to be bought.
"Show and prove" story for investors.
Waiting for results before buying.

Technology
DON'T BUY
Okta, Inc.

Delivered a beat and raised guidance, but the street focussed on the amount of business they have not done, a number which missed expectations. The street sees slowing business ahead. Doesn't help that shares were hot going into the quarter.

Technology
DON'T BUY
Okta, Inc.
They report Wednesday. They may have a very difficult quarter. They will have to announce layoffs.
Technology
PAST TOP PICK
Okta, Inc.
(A Top Pick Oct 18/21, Down 75%) He sold in February/March after holding for 4 to 5 months. It had some company specific problems including a security breach even though it is cyber security company. Because of attrition in sales it is having difficulty keeping some of its sales people. Non-profitable tech got hit hard this year.
Technology
HOLD
Okta, Inc.
Cybersecurity. Leader in identity access management. Reported last week, top and bottom lines were strong. Problem was tepid guidance for Q3 regarding integration of an acquisition. Negatives are operational, not about the business. (Analysts’ price target is $108.00)
Technology
BUY ON WEAKNESS
Okta, Inc.
This cybersecurity stock has hung on during this harsh tech sell-off. OKTA has plunged 74% from last year's peak. Offers great revenue growth. Has rebounded since the trough mid-last month, helped by a clean quarterly beat last week. The PE is much more reasonable.
Technology
COMMENT
Okta, Inc.
It reports Wednesday and he's unsure because there's been a lot of turnover there. He wants to know what's happening there.
Technology
BUY
Okta, Inc.
With the rise of home offices, home computers are vulnerable to hackers. In offices, those computers are protected behind an office firewall, but home is more vulnerable. Okta protects. They handle anything to do with log-ins and credentials. This stock has rallied from $247 to 266 a month ago. This faces little competition in the online identity business.
Technology
BUY
Okta, Inc.
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.
Technology
TOP PICK
Okta, Inc.
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)
Technology
BUY
Okta, Inc.
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.
Technology
COMMENT
Okta, Inc.
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.
Technology
WEAK BUY
Okta, Inc.
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.
Technology
BUY
Okta, Inc.
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.
Technology
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Okta, Inc.(OKTA-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 3

Stockchase rating for Okta, Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Okta, Inc.(OKTA-Q) Frequently Asked Questions

What is Okta, Inc. stock symbol?

Okta, Inc. is a American stock, trading under the symbol OKTA-Q on the NASDAQ (OKTA). It is usually referred to as NASDAQ:OKTA or OKTA-Q

Is Okta, Inc. a buy or a sell?

In the last year, 3 stock analysts published opinions about OKTA-Q. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Okta, Inc..

Is Okta, Inc. a good investment or a top pick?

Okta, Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Okta, Inc..

Why is Okta, Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Okta, Inc. worth watching?

3 stock analysts on Stockchase covered Okta, Inc. In the last year. It is a trending stock that is worth watching.

What is Okta, Inc. stock price?

On 2023-10-02, Okta, Inc. (OKTA-Q) stock closed at a price of $80.7.