But with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet. That’s why Okta is down today. However, the company is growing by double digits and has a very sticky business model, so this is a stock investors should buy and hold on to for the ride, even if it’s a little rocky from time to time.
Growth of 40% last year is great, and guidance for another 30% increase in revenue next year is keeping the momentum going. But with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet. That’s why Okta is down today .
What is Okta’s (Okta) stock price potential in the next year?
19 brokerages have issued 1 year target prices for Okta’s shares. Their forecasts range from $230.00 to $316.00. On average, they anticipate Okta’s stock price to reach $271.35 in the next year. This suggests a possible upside of 11.9% from the stock’s current price.
19 brokerages have issued twelve-month price targets for Okta’s shares. Their predictions range from $73.00 to $168.00. On average, they expect Okta’s share price to reach $130.9412 in the next year. This suggests a possible upside of 28.3% from the stock’s current price.
Okta Certified Professional and Okta Certified Administrator exam fees are $150 USD for each exam attempt. The Okta Certified Consultant Exam fee is $300 for each attempt. No discounts are offered for retakes.
This of course begs the query “Will Okta outperform or underperform the S&P 500?”
, market Beat’s community ratings are surveys of what our community members think about Okta and other stocks. Vote “Outperform” if you believe OKTA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe OKTA will underperform the S&P 500 over the long term. You may vote once every thirty days.
Pricing information for Okta is supplied by the software provider or retrieved from publicly accessible pricing materials. Final cost negotiations to purchase Okta must be conducted with the seller.
Is Okta a good option for small businesses?
The cost of Okta may not be affordable to small and medium scale companies, only the larger or more established companies can use this software to store employees’ login credentials and other passwords. The software also does not give options of adding or deleting more or less services to manipulate the usage charges.
Is Okta the right choice for your business?
The independence of its integration network can make Okta a favorable choice for customers using resources across public clouds, private clouds, and on-premises. As Okta moves upstream, it can land higher-value deals with larger, stickier customers.
Is Okta’s exposure to customer identity and access management market gaining momentum?
He further mentioned that the Customer Identity and Access Management market seems to be gathering momentum and Okta’s exposure “to this attractive market has significantly increased.”.
How does Okta identity compare to its competitors?
When comparing Okta Identity to its competitors, on a scale between 1 to 10 Okta Identity is rated 3, which is less expensive than the average Internet & Online software cost. Okta Identity offers few flexible plans to its customers with the basic cost of a license starting from $2 per user/month.
You could be thinking “Is Okta’s Auth0 growth stronger than expected?”
The Okta Thesis: Auth0, which the company acquired last year, has begun contributing and its growth has been robust and better than expected, Moskowitz said in the upgrade note.
One answer is, as Okta moves upstream, it can land higher-value deals with larger, stickier customers. Additionally, ample cross-selling and up-selling opportunities exist between Okta’s workforce identity and customer identity products.