2024-04-24 08:50:32 ET
Summary
- OKTA stock is expected to benefit from the ongoing digitalization trend and increasing cybersecurity needs, leading to long-term growth.
- The recent security incident has not had a material impact on Okta's business, with strong renewal and adoption trends among large customers.
- New products and a restructured sales model are expected to drive growth acceleration in the near term.
Investment overview
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Okta: Still Well Positioned To Ride On This Long-Term Trend