Okta, Inc.

Valuation Analysis

About the Company

Okta, Inc. en bref

Okta, Inc. (OKTA) is currently trading at 102,81 € with a market capitalization of 18,0 Md €. The trailing P/E ratio stands at 85.37x, with a forward P/E of 27.53x. The 52-week range spans from 54,68 € to 124,23 €; the current price is 17.2% below the yearly high. Year-over-year revenue growth stands at +11.2%. The net profit margin stands at 8.24%.

💰 Dividende

Okta, Inc. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Avis des analystes

43 analystes évaluent Okta, Inc. (OKTA) au consensus : Acheter. L'objectif de cours moyen est de 104,15 €, soit un potentiel de +1.3% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 65,45 € à 130,90 €.

Okta, Inc. : la thèse d'investissement en détail

Okta, Inc. (OKTA) operates in the Technology — specifically Software - Infrastructure — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Revenue is growing at a healthy 11.2% pace year-over-year, suggesting the business model continues to find new customers and pricing power. With a gross margin near 77.44%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns.

Le scénario baissier

A trailing P/E above 50 combined with revenue growth below 20% is a dangerous combination — the market is paying a steep growth multiple for what is, by the data, only moderately fast expansion. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valorisation en contexte

The PEG ratio at 1.1 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric. The EV/EBITDA multiple of 67.53x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The forward P/E of 27.53x is meaningfully below the trailing 85.37x — analysts expect earnings to step up; the next earnings release is the test.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Profil de risque

The data points to relatively defensive market behavior, elevated short interest (5.42%).

Trading Data

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