OKTA Stock Recent News

Okta (OKTA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Okta (OKTA) reachead $95.01 at the closing of the latest trading day, reflecting a +0.83% change compared to its last close.

Okta (OKTA) concluded the recent trading session at $99.45, signifying a -1.76% move from its prior day's close.

Okta (OKTA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Okta (OKTA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Recently, Zacks.com users have been paying close attention to Okta (OKTA). This makes it worthwhile to examine what the stock has in store.

Hackers are stepping their game up — especially in the age of AI — as more and more companies report being targets of cyberattacks or ransomware hacks. Cybersecurity and multi-factor authentication systems, a service that Okta (OKTA) provides, are becoming more integral to keeping corporate employees and customers safe.

Does Okta (OKTA) have what it takes to be a top stock pick for momentum investors? Let's find out.

The stock market has been performing remarkably well within the last year due to several factors, including reduced inflation, which has caused the Federal Reserve to change its tone when it comes to interest rate hikes. Between March 2022 and July 2023, the Fed raised interest rates 11 times.

Okta surprised investors with its improved profitability and cash flow. The company's 19% growth rate was in line Wall Street's expectations.