Is Okta Stock a Buy Now?
Volatile stock returns this year suggest that investors haven't decided just what to make of 's (NASDAQ: OKTA) business in 2023. On the one hand, the software specialist is building a leading market share position in a tech niche that could see strong growth for many years. It is pairing solid sales gains with improving financial metrics like cash flow, too.
Offsetting these positive trends is the fact that Okta continues to generate significant net losses. And competition remains fierce in the cybersecurity and digital transformation niches, including from much larger rivals.
With that bigger picture in mind, let's look at the software-as-a-service stock to see if it's a good buy right now.
Source Fool.com
Okta Inc. Stock
€87.05
1.250%
The stock is an absolute favorite of our community with 37 Buy predictions and no Sell predictions.
As a result the target price of 100 € shows a slightly positive potential of 14.88% compared to the current price of 87.05 € for Okta Inc..
