This summary was created by AI, based on 3 opinions in the last 12 months.
Okta, Inc. (OKTA-Q) is recognized as a leader in the identity and access management (IAM) sector, specifically known for its cloud-based software solutions that empower developers to incorporate identity controls into applications and websites. The company has maintained its leadership position for eight consecutive years and has recently achieved GAAP profitability, indicating a shift towards more sustainable financial performance. Looking ahead, Okta aims to enhance its profit margins. Analysts have set a 12-month price target ranging from $102.25 to $118, suggesting potential for growth; however, there is a cautious viewpoint due to a recent privacy breach that has affected its market reputation. Investment strategies suggest waiting for the upcoming earnings report to gauge its recovery and market trust before making substantial purchases.
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.
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.
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. 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
In the last year, 1 stock analyst published opinions about OKTA-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Okta, Inc..
Okta, Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Okta, Inc..
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.
1 stock analyst on Stockchase covered Okta, Inc. In the last year. It is a trending stock that is worth watching.
On 2025-03-31, Okta, Inc. (OKTA-Q) stock closed at a price of $104.96.
Claim to fame is it's one of the leaders in identity and access management. Cloud-based software solution. Allows developers to build ID controls into apps and websites. 12-month target of $102.25. Buy here around $90, at $86.25, and shouldn't go below $80.