Is OKTA a good stock to buy?
We came across a bullish thesis on Okta, Inc. on EAA Partners’s Substack
In this article, we will summarize the bulls’ thesis on OKTA. Okta, Inc.’s share was trading at $118.72 as of June 5th. OKTA’s trailing and forward P/E were 86.03 and 30.96 respectively according to Yahoo Finance.
Copyright: franckito / 123RF Stock Photo Okta, Inc. is positioned as a leading independent identity security platform that secures access for humans, machines, and increasingly AI agents across enterprise environments. The investment case is anchored in its neutrality versus hyperscalers, its 7,000-plus application integration network, and a growing opportunity in Identity Governance, Privileged Access Management, and agentic AI workloads that expand its addressable market beyond traditional workforce identity. 15 AI Stocks That Are Quietly Making Investors Rich Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential Despite near-term net dollar retention compression to roughly 106 percent and competitive pressure from Microsoft Entra, the company’s multi-product expansion cycle and installed base of more than 19,000 customers support resilient subscription economics and strong free cash flow generation. Financially, Okta delivered approximately 9 percent revenue growth in FY2026 with expanding operating leverage and over $860 million in free cash flow, while returning to operating profitability for the first time.