Investing in Bitcoin is the wisest thing to do now especially with the current rise.
H
Wonder why there is so little retail interest in this stock. It has 60%+ revenue growth for 5 straight years (and will continue doing so on new integrations at least), cybersecurity related and almost like a monopolist in its own little field. I am currently enjoying this upward movement with my modest position here.
b
Okta upgraded to Overweight from Equal Weight with a price target of $315 (from $275) at Morgan Stanley Morgan Stanley analyst Hamza Fodderwala upgraded Okta to Overweight from Equal Weight with a price target of $315, up from $275, as the analyst assumed lead coverage of the stock. An improving demand environment and more buy-in with developers should drive stronger growth and upside in estimates, contends Fodderwala, who notes enterprises are shifting a greater portion of security budgets towards Identity and Access Management, or IAM, where Okta is the "market leader." With businesses refocusing on larger, strategic initiatives to modernize their IAM infrastructure, Fodderwala believes growth is now stabilizing and should prove more durable than the consensus view as demand improves, the analyst added.
B
Okta UPGRADED to BUY from hold with a $320 price target at NEEDHAM Okta price target raised to $310 from $290 at Berenberg, BUY Okta price target raised to $302 from $280 at BTIG, BUY Okta price target raised to $300 from $260 at Truist, BUY Okta price target raised to $300 from $290 at Goldman Sachs, BUY Okta price target raised to $300 from $275 at Summit Insights, BUY Okta price target raised to $293 from $265 at BMO Capital, Outperform
Needham analyst Alex Henderson upgraded Okta to Buy from Hold with a $320 price target. The analyst states that he is surprised that the stock moved lower after the company's Q2 results as the 39% revenue growth, 43% RPO growth, and 47% Total Calculated Billings growth represent a "solid acceleration". Henderson adds that Okta shares have underperformed its high valuation/high growth peer group, and its relative multiple has contracted by over 10 turns versus some of the other security names.
B
OKTA UPGRADED to BUY from hold with a $320 price target at NEEDHAM Needham 'surprised' Okta traded lower on Q2 results, upgrades to Buy "Concerns that core Okta was slowing should be soothed," says the firm, since core delivered 39% year-over-year revenue growth, 43% remaining performance obligation growth and 47% total calculated billings growth. "These numbers represent a solid acceleration."
$PING =$SAIL=$FORG these 3 compete with each other! There will definitely be some consolidation n this area to compete with $OKTA!
G
This is normal action for OKTA after earnings, look back at the chart the last few years each quarter. Initial down, then nice recovery. Their business is great and they are in a great industry, that is undeniable. The stock is not cheap but it will work it's way up after a week or so of short term trade type selling. I have owned it since 24, I have seen this movie before
W
OKTA beat on revenues and EPS for the current quarter, Q3, and for FY22. Trifecta time. What's not to like?
b
They will cut a deal on debt service and we go up 600 points
W
Breaking Okta news: Needham upgrades to 'Buy'. Snippets from the text of the upgrade: ... solid acceleration of billings growth, better than modeled margins & cash flow... {from Briefing.co at 0820 Eastern time}
b
Okta upgraded to Strong Buy from Outperform with a price target of $310 (from $300) at Raymond James Raymond James analyst Adam Tindle upgraded Okta to Strong Buy from Outperform with a price target of $310, up from $300. The firm's work via proprietary surveys at recent industry events, and strategic discussions with senior channel executives suggest an acceleration of core organic trends, an inflection in the adjacent CIAM market, and a re-rating in valuation on core acceleration alongside 2H21 beta products in PAM and IGA, Tindle tells investors in a research note.
M
If tech is green tomorrow, hopefully it will go up more then competitors since it’s lagging today
R
OKTA beat on every operating metric including a huge surprise in positive operating cash flow. A very large +83% increase in billings. Gosh I hope the chart watchers and momo guys sell this off - what a gift! LOAD THE BOAT!!!
W
Bought back into OKTA long for a swing earnings play at 253.71
I
Prefer NTNX at this point. Both are leaders in their core market, but NTNX is much cheaper valued, trading at about 5x EV/Sales (forward) only!
M
So many cloud ....software .... app....tech.... Stocks that make no profit. Feels like 1999 again. Scary
M
Another great earnings results in tanking. No point in hold thru earning anywhere
F
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone reads this will be successful in life
E
Quite the over-reaction last night... this company is rock solid
Morgan Stanley analyst Hamza Fodderwala upgraded Okta to Overweight from Equal Weight with a price target of $315, up from $275, as the analyst assumed lead coverage of the stock. An improving demand environment and more buy-in with developers should drive stronger growth and upside in estimates, contends Fodderwala, who notes enterprises are shifting a greater portion of security budgets towards Identity and Access Management, or IAM, where Okta is the "market leader." With businesses refocusing on larger, strategic initiatives to modernize their IAM infrastructure, Fodderwala believes growth is now stabilizing and should prove more durable than the consensus view as demand improves, the analyst added.
Okta price target raised to $310 from $290 at Berenberg, BUY
Okta price target raised to $302 from $280 at BTIG, BUY
Okta price target raised to $300 from $260 at Truist, BUY
Okta price target raised to $300 from $290 at Goldman Sachs, BUY
Okta price target raised to $300 from $275 at Summit Insights, BUY
Okta price target raised to $293 from $265 at BMO Capital, Outperform
Needham analyst Alex Henderson upgraded Okta to Buy from Hold with a $320 price target. The analyst states that he is surprised that the stock moved lower after the company's Q2 results as the 39% revenue growth, 43% RPO growth, and 47% Total Calculated Billings growth represent a "solid acceleration". Henderson adds that Okta shares have underperformed its high valuation/high growth peer group, and its relative multiple has contracted by over 10 turns versus some of the other security names.
Needham 'surprised' Okta traded lower on Q2 results, upgrades to Buy
"Concerns that core Okta was slowing should be soothed," says the firm, since core delivered 39% year-over-year revenue growth, 43% remaining performance obligation growth and 47% total calculated billings growth. "These numbers represent a solid acceleration."
https://seekingalpha.com/news/3736632-okta-upgraded-at-needham-after-surprising-post-earnings-pullback
these 3 compete with each other! There will definitely be some consolidation n this area to compete with $OKTA!
Raymond James analyst Adam Tindle upgraded Okta to Strong Buy from Outperform with a price target of $310, up from $300. The firm's work via proprietary surveys at recent industry events, and strategic discussions with senior channel executives suggest an acceleration of core organic trends, an inflection in the adjacent CIAM market, and a re-rating in valuation on core acceleration alongside 2H21 beta products in PAM and IGA, Tindle tells investors in a research note.