In the latest trading session, Okta (OKTA) closed at $85.69, marking a -5.57% move from the previous day.
I reiterate Okta as a Buy due to a valuation reset and accelerating growth catalysts, notably its emerging AI-focused identity platform. Q3 2026 revenue grew 12% y/y to $742M, with large $1M+ deals up 17% and enterprise momentum rebounding despite a challenging IT spending environment. Core business stability is evident with net retention at 106%, healthy gross retention, and RPO growth of 17%, signaling a robust subscription backlog.
You want to talk about irony? Okta Inc ( NASDAQ:OKTA ) sells identity security to enterprises worldwide, and in 2023, hackers breached its own systems.
Zacks.com users have recently been watching Okta (OKTA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the latest trading session, Okta (OKTA) closed at $89.55, marking a -2.6% move from the previous day.
Okta (OKTA) concluded the recent trading session at $92, signifying a -1.45% move from its prior day's close.
Okta (OKTA) closed at $92.23 in the latest trading session, marking a -1.81% move from the prior day.
Okta, Inc. (OKTA) Presents at 28th Annual Needham Growth Conference Transcript
Okta (OKTA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Okta is upgraded to a buy as growth expectations have reset and agentic AI offers a compelling new catalyst. OKTA delivered 12% YoY revenue growth, robust cRPOs, expanding GAAP profitability, and maintains a strong net cash balance sheet. Management sees agentic AI as a potentially larger TAM than current workforce and customer identity markets combined.
Okta presents a compelling "growth at a reasonable price" opportunity amid expensive large-cap valuations, with a reiterated "Buy" rating. OKTA trades at 15.1x FY26 and 13.5x FY27 EV/FCF, supported by double-digit growth, margin expansion, and robust RPO backlog. AI-driven infrastructure investments and improved sales productivity are fueling OKTA's growth and profitability, with a Rule of 40 score of 36.
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