Related posts

Open Text, Microsoft and the Top 17 Enterprise Software Stocks
Investor Insights

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.

Consensus
Cautious
Valuation
Undervalued
PARTIAL BUY

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.

Learn more
TOP PICK

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.

(Analysts’ price target is $103.03)
Learn more
WAIT
Estimated earnings will be at end of August.

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.

Learn more
COMMENT

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.

Learn more
PARTIAL BUY

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.

Learn more
DON'T BUY

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.

Learn more
DON'T BUY
They report Wednesday. They may have a very difficult quarter. They will have to announce layoffs.
Learn more
PAST TOP PICK
(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.
Learn more
HOLD
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)
Learn more
BUY ON WEAKNESS
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.
Learn more
COMMENT
It reports Wednesday and he's unsure because there's been a lot of turnover there. He wants to know what's happening there.
Learn more
BUY
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.
Learn more
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.
Learn more
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)
Learn more
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.
Learn more
Showing 1 to 15 of 29 entries

Okta, Inc.(OKTA-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

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, 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..

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?

1 stock analyst 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 2025-03-31, Okta, Inc. (OKTA-Q) stock closed at a price of $104.96.