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Okta, Inc. (OKTA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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260.38+0.61 (+0.23%)
At close: 4:00PM EDT
260.20 -0.18 (-0.07%)
After hours: 07:59PM EDT
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  • Z
    Zoey
    Investing in Bitcoin is the wisest thing to do now especially with the current rise.
  • H
    Harmony
    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
    ben
    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
    Ben
    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
    Ben
    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."

    https://seekingalpha.com/news/3736632-okta-upgraded-at-needham-after-surprising-post-earnings-pullback
  • m
    metoo
    $PING =$SAIL=$FORG
    these 3 compete with each other! There will definitely be some consolidation n this area to compete with $OKTA!
  • G
    Glenn
    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
    William
    OKTA beat on revenues and EPS for the current quarter, Q3, and for FY22. Trifecta time. What's not to like?
  • b
    bruce
    They will cut a deal on debt service and we go up 600 points
  • W
    William
    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
    ben
    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
    Matt
    If tech is green tomorrow, hopefully it will go up more then competitors since it’s lagging today
  • R
    RainbowMeow
    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
    William
    Bought back into OKTA long for a swing earnings play at 253.71
  • I
    InvestmentFreak
    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
    Mr. Pino
    So many cloud ....software .... app....tech.... Stocks that make no profit. Feels like 1999 again. Scary
  • M
    Mike
    Another great earnings results in tanking. No point in hold thru earning anywhere
  • F
    Frances
    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
    Edmond
    Quite the over-reaction last night... this company is rock solid
  • B
    B747
    Who had this stock since 2017?