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Okta: Demand For Identity Management Remains Strong

Jan. 06, 2022 7:41 AM ETOkta, Inc. (OKTA)8 Comments


  • Okta is rapidly growing its top line and guides investors for at least 35% CAGR over the next 4 years.
  • Okta's customer economics are very attractive.
  • Okta is reasonably priced at 18x forward sales, and substantially cheaper than its peers.
  • I do much more than just articles at Deep Value Returns: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Woman using facial recognition technology to access her tablet computer

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Investment Thesis

Okta (NASDAQ:OKTA) helps organizations stay secure. As more and more enterprises embrace a zero-trust environment, this provides a strong tailwind for Okta to continue taking market share.

Along these lines, Okta provides investors guidance

OKTA stock
Data by YCharts

Price Hike Coming: 9 January 2022

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