Okta: Short Report
• Okta’s stock hasn’t yet adjusted to reflect the significant Total Addressable Market (TAM) expansion unveiled earlier in the year.• Okta’s vantage point in the identity space makes its ventures into neighbouring markets likely to succeed.
• Okta is at the heart of a number of tech evolutions, is the best-of-breed identity provider, and has a fantastic runway of growth.
• Despite the stock’s high multiple levels, over the long-term the downside seems truncated but the upside looks healthy – we believe the stock can comfortably double in the next 5 years.
Okta is an independent identity management platform for the enterprise. The Okta Identity Cloud is the company's platform that enables its customers to connect people to technology, anywhere, anytime and from any device. The Okta Identity Cloud consists of a suite of products to manage and secure identities. Products used for workforce identity are consumed through web and mobile interfaces, and provide ways for Information Technology organizations to manage identities for their employees, contractors and partners. The company's products include: Universal Directory; Single Sign-On; Adaptive Multi-Factor Authentication; Lifecycle Management; and Application Programming Interface Access Management.
Obtain high-conviction information edge with unique insights
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.