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Okta (OKTA) stock flying high, but is it overbought?

1:26 pm ET, 06 Sep 2018

Okta, Inc. (OKTA) shares are trading at 59.28, down -1%. The company is expected to report earnings on September 6 after market close.  What's driving OKTA stock price? What's OKTA stock price forecast, and what should investors know about the company?

Okta provides identity solutions for enterprises, small and medium businesses, universities, and government agencies.  The Okta Identity Cloud enables customers to secure their users and connect them to technology from any place. Its clients include JetBlue, Experian, and flex to name a few.

The company which started in 2009 has grown from two to 1,300 employees and has a market capitalization of $6.4 billion. The growth has been tremendous. Some analysts warn of high valuation but they are also ignoring the growth of data privacy industry. Data privacy and cybersecurity will become a $1 trillion industry in the next few years.  

Revenue is expected to grow 40% to $84.82 million for the second quarter. The next quarter results will be released after market close on September 06, 2018.

What is the sentiment towards the OKTA stock? Our technical analysis shows that:

  • The stock short-term sentiment (next 30 days) is trending positive;
  • The mid-term sentiment (3-6 months) is trending positive;
  • The long-term sentiment (9-12 months) is trending positive.

Okta, Inc. (OKTA) short share of float is 8.9%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

Okta, Inc. (OKTA) average analyst price target ($52.10) is -15.64% below its current price ($61.76).

For the latest price and information on Okta, Inc., please visit Finstead and search for "OKTA price" or "OKTA news".

Okta, Inc. (OKTA) Stock Guide

Updated at: 10:53 pm ET, 18 Sep 2020

Before we start: if you're looking for OKTA stock price, you can quickly find it out by visiting Finny and typing "OKTA quote". If you're looking for a quick scoop on OKTA stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "OKTA". You'll get all this info in one place. Or you can just type "OKTA news" to get the latest stock news.

Looking to buy or sell Okta, Inc. (OKTA)? Interested in getting the full scoop on OKTA, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this OKTA stock guide, we'll address key questions about OKTA, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are OKTA earnings?
2. What is OKTA stock forecast (i.e., prediction)?
3. OKTA buy or sell? What is OKTA Finny Score?
4. What are the reasons to buy OKTA? Why should I buy OKTA stock?
5. What are the reasons to sell OKTA? Why should I sell OKTA stock?
6. What are OKTA key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are OKTA earnings?

OKTA trailing 12-month earnings per share (EPS) is -$1.89.

Analyst Predictions

2. What is OKTA stock forecast (i.e., prediction)?

Based on OKTA analyst price targets, OKTA stock forecast is $221.35 (for a year from now). That means the average analyst price target for OKTA stock is $221.35. The prediction is based on 9 analyst estimates.

The low price target for OKTA is $148.00, while the high price target is $266.00.

OKTA analyst rating is Buy.

Analysis

3. OKTA buy or sell? What is OKTA Finny Score?

#{finnyScore:45}Our quantitative analysis shows 5 reasons to buy and 6 reasons to sell OKTA, resulting in Finny Score of 45.

4. What are the reasons to buy OKTA? Why should I buy OKTA stock?

Here are the reasons to buy OKTA stock:

5. What are the reasons to sell OKTA? Why should I sell OKTA stock?

Let's look at the reasons to sell OKTA stock (i.e., the bear case):

Key Stats

6. What are OKTA key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for OKTA:

Metrics OKTA
Price $222.75
Average Price Target / Upside $221.35 / -0.63%
Average Analyst Rating Buy
Forward Dividend Yield 0.00%
Industry Software - Infrastructure
Sector Technology
Number of Employees 1,561
Market Cap $31.14B
Forward P/E Ratio 2,210.09
Price/Book Ratio 44.25
Revenue (TTM) $703.67M
YoY Quarterly Revenue Growth 42.70%
Profit Margin -32.93%

If you liked this analysis, check out Stock Guides for other stocks.

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