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home / news releases / OKTA - Okta: Assessing Overly Optimistic Consensus Estimates And Valuations

OKTA - Okta: Assessing Overly Optimistic Consensus Estimates And Valuations

Okta Inc.

2024-04-01 13:33:09 ET

Summary

  • Okta's latest earnings report exceeded guidance on revenue and remaining performance obligations, leading to a surge in the stock.
  • Wall Street appears to believe that this year's guidance is too conservative.
  • Longer-term consensus estimates look too aggressive as it's unclear what will drive a sustained acceleration in top-line growth.
  • I reiterate my avoid rating for the stock.

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For further details see:

Okta: Assessing Overly Optimistic Consensus Estimates And Valuations
Stock Information
Company Name: Okta Inc.
Stock Symbol: OKTA
Market: NASDAQ
Website: okta.com
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