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Okta, Inc. (OKTA-Q)
NASDAQ:OKTA
93.17
2.02
(2.12%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 2 opinions in the last 12 months.
Okta, Inc. (OKTA-Q) is recognized as a leader in the identity and access management (IAM) sector, having maintained its top position for eight consecutive years. The company is noted for its strong performance in the double authentication space and has recently achieved GAAP profitability, which indicates that it is generating real earnings. This year, Okta aims to focus on expanding its profit margins. Analysts have set a 12-month target price of $105, although one expert suggests a wait-and-see approach regarding upcoming earnings reports, which are expected by the end of August, after which the stock could potentially be priced at $118, contingent on restoring market trust following a privacy breach. Investors are encouraged to acquire shares in increments, particularly if the stock dips into the low $90s or mid-$80s, to optimize their entry point.
$94.070
Owned
Privacy breach. Has to earn back respect from the marketplace, because a lot of people got burned. 12-month price target of $118. Wait for earnings to come out and see if it can repair damage to its integrity.
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.
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.
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.
Okta, Inc.(OKTA-Q) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
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, there was no coverage of Okta, Inc. published on Stockchase.
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?
0 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 2025-02-21, Okta, Inc. (OKTA-Q) stock closed at a price of $93.17.
Referring to the dartboard chart from the top of the show, this one's in the second ring of IAM -- identity and access management. Leader in that space for 8 years in a row. King of the double authentication.
(Analysts’ price target is $103.03)Pretty high-margin business. Just achieved GAAP profitability, making $$ that they can actually bank. Focus this year will be on profit-margin expansion. 12-month target of $105. Buy 1/3 here around $92, low $90s, and mid-$80s. No dividend.