OKTA Stock Recent News

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

I've doubled down and increased my position in Okta, Inc., the single sign on/identity security company, and am upgrading the stock to a strong buy. Palo Alto Networks has been speculated to be in talks to acquire Okta's competitor CyberArk, which is trading at a ~15x forward revenue multiple versus Okta's ~5x multiple. This deal could spotlight OKTA stock's value and reset its valuation higher, even without a deal of its own.

The latest trading day saw Okta (OKTA) settling at $97.84, representing a -3.22% change from its previous close.

Okta (OKTA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

@ProsperTradingAcademy's Charles Moon turns to three names he sees making notable recoveries in their stock price. He talks about the "great upside" Okta Inc. (OKTA) holds, Eli Lilly's (LLY) "technical breakout," and Autodesk's (ADSK) path to reclaim its 52-week high.

CYBR, OKTA, and FTNT are gaining momentum as rising cyber threats fuel demand for advanced security solutions in 2H25.

OKTA rides a strong product portfolio and a rich partner base, which justifies a premium valuation.

With cyberattacks increasing and companies rapidly shifting to cloud-based operations, cybersecurity firms with AI capabilities are positioned for long-term growth.

Broadcom AVGO and Okta OKTA are key providers of security software solutions for enterprises. AVGO offers Endpoint Security (Symantec and Carbon Black), Network Security, Information Security, Application Security (Carbon Black) and Identity Security solutions.

AI momentum is building up as HUBS, OKTA, ADBE, NICE, and TDC offer double-digit short-term upside with bullish broker targets.