$300 then $400. Amazing company. Own this since $40 and have not sold at all
E
kicking myself for not buying into okta back in 2018 when recommended to me from someone who does business with them. He said he liked his meeting with the CEO and liked everything he had to say. He eventually purchased shares at $25. The shares at the time would have cost me around $55 us. for the big question, is it too late to invest?
They make like double the revenue of $OKTA but trade at like half the market cap. This market is cruel unless you're a shiny new company.
l
From Zacks: “The future of cybersecurity is bright as the world goes online and the number of connected devices will continue to proliferate. As data becomes a central focus of business in this digital age, a business must be adequately protected protected. The new normal is driving a much more mobile economy with an increasing number of vulnerabilities. CRWD, OKTA, and MCFE will all be beneficiaries of the cybersecurity needs of the Roaring 20s and the commencing 4th industrial revolution. “
s
simply over valued just like 60% of all stocks on nasdaq. 500M rev with 35000M market value. that is a 70 p/s. with loss doubling.
Okta got political and banned Parler from using its services. Is it really smart to split your customer base in such an overcrowded software space? These crowded spaces have a way of thinning out.
F
Why has OKTA been on free fall for the last two weeks? No major news in Yahoo Finance, MarketWatch or Benzinga. The only thing I could find was an article dated from yesterday saying "Okta shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral." But that was yesterday. What explains the behavior for the last two weeks?
Not buying a stock whos leaders do not support the common American values of free speech.
l
Nice article from Motley Fool: “Okta has a long runway of growth and remains a buy.”
s
I think it is 10+ points overvalued. In the craziness of last week, it rose beyond what is justifiable. I will sit on the sidelines and wait for 250-260 for re-entry.
I
Go Okta! ✨✨
l
Seems okta is building a nice base. Its much higher than previous support whci went to about 210. Imo, stock should continue an uptrend well past its previous high of 287 before search for support. Thoughts?
C
Okta price target raised to $313 from $282 at KeyBanc KeyBanc analyst Michael Turits raised the firm's price target on Okta (OKTA) to $313 from $282 and reiterates an Overweight rating on the shares. The attack discovered in the last two weeks by what many think was a nation state via a software update distribution from systems monitoring company SolarWinds (SWI) will boost spending with cybersecurity companies across the board, Turits tells investors in a research note. The analyst raised the price target to reflect increased confidence that cyber security spending will increase subsequent to the attack.
P
Any one has an opinion on the $4 security company Bio_Key International which has started popping ?
h
No one on this board why? Were going to $300 and no one follows it
A
OKTA 5 year price target is $985! Let's ride this train. In at $136
B
Looks bullish. The 255 is resistance, if goes higher then it’s gonna go up higher
$SNOW $81b value, 250m revenue,
$DOCU $46B valuation, 950m revenue,
$NOW $104b value, 3b revenue,
$OKTA $35b value, 600m revenue.
Do the math. You’re barking at the wrong tree.
Reiterated by Canaccord Genuity Hold USD 300
www.stocktargetadvisor.com/stock/USA/NSD/OKTA#analyst-rating-tab
KeyBanc analyst Michael Turits raised the firm's price target on Okta (OKTA) to $313 from $282 and reiterates an Overweight rating on the shares. The attack discovered in the last two weeks by what many think was a nation state via a software update distribution from systems monitoring company SolarWinds (SWI) will boost spending with cybersecurity companies across the board, Turits tells investors in a research note. The analyst raised the price target to reflect increased confidence that cyber security spending will increase subsequent to the attack.