#4 - Okta (NASDAQ:OKTA)
Okta Inc. (NASDAQ: OKTA) is the recognized leader in identity and access management (IAM), which is rooted in zero-trust technology. The premise is that Okta’s platform assumes everyone who is trying to access a company’s network has malicious intent until they can verify that they are not. Okta’s IAM systems allow only authorized people access to sensitive systems.
This has taken on added significance to businesses that are relying increasingly on remote workers since 2020. That increases the threat layers to an enterprise and increases the visibility of Okta’s products and services.
Okta’s topline is growing nicely year over year. However, as of April 2025, the company is not consistently profitable. At a time of market volatility, that may turn away some investors. However, analysts have a favorable view of the stock. The MarketBeat list of analyst upgrades shows OKTA stock as the stock with the most upgrades in March 2025.
About Okta
Okta, Inc operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials.
More about Okta- Current Price
- $97.93
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 20 Buy Ratings, 13 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $116.03 (18.5% Upside)
