- Increasing number of cyber breaches enforces a need for cybersecurity solutions which benefits Okta.
- Zero Trust security requires proper identity to authenticate the user, and it is the new standard for cybersecurity.
- Organizations are increasingly tapping on digital means to engage with users, which requires identity solutions for such personalized engagement.
- Essentialness of identity for the world ahead provides a favorable risk-reward ratio for investors in Okta for the long haul.
- Okta is a hold for us now but we do look to accumulate at EV/NTM Revenue of 22x or a price of $211 and lower.
For further details see:
Okta: Personalized Zero Trust Identification For The Digital Future