Growth of 40% last year is great, and guidance for another 30% increase in revenue next year is keeping the momentum going. But with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet. That’s why Okta is down today.
That was in part due to an offer that extended key maturities of Okta’s debt in exchange for the immediate issuance of shares of stock to bondholders as well as replacement debt.
What is Okta’s (Okta) stock price potential in the next year?
19 brokerages have issued 1 year target prices for Okta’s shares. Their forecasts range from $230.00 to $316.00. On average, they anticipate Okta’s stock price to reach $271.35 in the next year. This suggests a possible upside of 11.9% from the stock’s current price.
Is Okta (Okta) a great cybersecurity stock to buy in 2022?
Okta (OKTA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
, market Beat’s community ratings are surveys of what our community members think about Okta and other stocks. Vote “Outperform” if you believe OKTA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe OKTA will underperform the S&P 500 over the long term. You may vote once every thirty days.
Why Okta for SSO?
Customers turn to Okta when they realize they can deploy SSO from Active Directory in much less time. Okta is a vendor-neutral cloud based identity and access solution that requires no tradeoffs between ease of use and full functionality.
Is Okta the right choice for your business?
The independence of its integration network can make Okta a favorable choice for customers using resources across public clouds, private clouds, and on-premises. As Okta moves upstream, it can land higher-value deals with larger, stickier customers.
Why choose Okta for identity management in the cloud?
The right identity solution can speed adoption of cloud technologies, and help modernize legacy systems and applications for the cloud. Many Microsoft customers end up choosing Okta to manage identity for their cloud applications. Here are six reasons why.
What happens to Okta when someone changes their job?
As people change job roles or leave, Okta automatically changes or removes their access to applications and services based on these identity changes. Many companies today are using cloud-based human capital management (HCM) systems like Workday to simplify the way their Human Resources department gets work done.
Should Okta’s workforce identity move upstream?
As Okta moves upstream, it can land higher-value deals with larger, stickier customers. Additionally, ample cross-selling and up-selling opportunities exist between Okta’s workforce identity and customer identity products.