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Okta Inc Class A - Stock Quote OKTA

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Morningstar's Okta Inc Class A Stock Analysis

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Is it the right time to buy or sell?

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Economic Moat

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Okta Remains Attractive Even as We Lower Our Long-Term Profitability Assumptions; FVE to $193

Analyst Note

| Malik Ahmed Khan |

We are lowering our fair value estimate for narrow-moat Okta to $193 from $280 as we are taking a more conservative stance on our long-term profitability assumptions. Nonetheless, our new fair value estimate is still solidly above the company’s current share price. We continue to believe that the market’s reaction to recent macroeconomic events has been overdone, with many high-quality software names put to the sword as investors fled from tech.

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Okta Inc Class A's Company Profile

Business Description

Okta sells solutions for identity and access management. Its workforce offerings contain products to protect and enable employees, contractors, and partners, while customer identity and access products securely enable an organizations' customers to use applications. Okta's software solutions are cloud-delivered, and its integration network gives customers security protection and access across a wide variety of applications that are critical to business and government needs. The California-based company went public in 2017.

Contact
100 First Street, Suite 600
San Francisco, CA, 94105
T +1 888 722-7871
Sector Technology
Industry Software - Infrastructure
Most Recent Earnings Apr 30, 2022
Fiscal Year End Jan 31, 2023
Stock Type Speculative Growth
Employees 5,342

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