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Okta Inc Class A OKTA Stock Quote

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Morningstar‘s Stock Analysis OKTA

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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5-Star Price


Economic Moat


Capital Allocation


Okta’s Core Business Is Strong but Auth0 Is Alarming; Cutting FVE to $71, Shares Fairly Valued

Analyst Note

| Malik Ahmed Khan |

We are lowering our fair value estimate for Okta to $71 from $193 while also downgrading the firm’s economic moat rating to none, from narrow, while maintaining our positive economic moat trend. Both the fair value cut and the moat rating downgrade stem from our concerns that the firm’s acquisition of Auth0 is proving to be value-destructive, with Okta facing substantial labor-related attrition and salesforce integration challenges. With heightened execution risks associated with its integration of Auth0, we are also raising our uncertainty rating for Okta to Very High, from High. Along the same lines, we are downgrading our capital allocation rating for the firm to Standard, from Exemplary.

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Key Statistics OKTA

Company Profile OKTA

Business Description

Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta’s workforce offerings enable a company’s employees to securely access its cloud-based and on-premises resources. The firm’s customer offerings allow its clients’ customers to securely access the client’s applications.

100 First Street, Suite 600
San Francisco, CA, 94105
T +1 888 722-7871
Industry Software - Infrastructure
Most Recent Earnings Jul 31, 2022
Fiscal Year End Jan 31, 2023
Employees 5,776

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