2 Reasons Why Okta Is Ready for a Big Rebound

Okta's (NASDAQ: OKTA) stock has not fared well in 2022. The year started with investors lowering the valuations of high-growth, unprofitable companies like Okta due to worries over high inflation and rising interest rates. Next, Okta faced the worst news that an identity company could encounter when in March, news broke that hackers had breached the company's internal systems.

Now that the stock trades around the same price it did in March 2020, some investors wonder whether Okta can bounce back. Here's two reasons why Okta is ready for a big rebound.

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Source Fool.com