Added to YB: 2026-10-07
Pitch date: 2026-10-02
OKTA [bullish]
Okta, Inc.
-1.57%
current return
Author Info
20 Years on the Desk. We track institutional accumulation, float chokepoints, and high-velocity Stage 2 markups. Sign up for the newsletter.
Company Info
Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization’s cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform’s secure access management to the device login experience; Universal Directory for a cloud-based system of record.
Market Cap
$38.2B
Pitch Price
$211.85
Price Target
245.00 (+17%)
Dividend
N/A
EV/EBITDA
103.35
P/E
132.82
EV/Sales
11.69
Sector
IT Services
Category
growth
The Anatomy of a Power Trend: Why $OKTA Just Bypassed a Parabolic Collapse
OKTA: Okta’s three-week consolidation near $212.50 after a vertical run is framed as institutional absorption rather than an impending parabolic collapse, supported by RSI above 80, declining volume and no bearish divergence. Its new AI-Agent Identity Security Platform expands the opportunity from human seats to non-human identities across LLM frameworks. A breakout above $213.86 points toward analysts’ $245 target; a weekly close below $195 would undermine the thesis.
Read full article (4 min)