Stocks on Sale: Is Okta a Buy Now?
After a rough end to 2021 and a bleak start to 2022, it looked as if growth stocks had been left for dead. However, there have been some promising signs over the last few weeks. Former growth stock darlings like Roblox, Zoom, and Atlassian have bounced off their May lows and logged their first positive month in almost a year.
Okta (NASDAQ: OKTA), a maker of secure identity technology, is another growth stock that has bounced in recent weeks. The stock is still down 65% from its 2021 high but has rallied back 30% in the last three weeks alone.
So is the bottom in for Okta? Is now the time to buy? Let's have a look at both the bull and bear cases.
Source Fool.com
