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Stock impact report

Cantor Fitzgerald Calls Okta a Contrarian Value Opportunity With 30% Upside [Yahoo! Finance]

Okta, Inc. - Class A (OKTA) 
Last okta, inc. - class a earnings: 3/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.okta.com
Company Research Source: Yahoo! Finance
Ruykhaver has been bullish on Okta since initiating coverage at the end of March 2025, he characterized the stock as a “contrarian value play” in his latest update early this week. He also reiterated his Overweight rating and $115 price target. As his case for Okta Inc. (NASDAQ:OKTA) as a value play, Ruykhaver highlighted the stock's steep valuation discount, with a price-to-FY 27 sales multiple of 4.4x, compared with peers' average of 9.8x. He sees this discount as unwarranted, given the company's strong execution, increased product breadth, and overall robust fundamentals. The analyst compared the bulls and bears cases to position the stock. For bulls, he argued: Bulls point to Okta's improving execution and the increasing strategic importance of identity as a control plane.” He added, “With identity now implicated in 80-90% of breaches, investors see Okta benefiting from the secular shift toward independent identity platforms and from NRR moving toward 110%+ over time. For th Show less Read more
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