Michael Vi/iStock Editorial through Getty Photographs
Shares of cybersecurity agency Okta (NASDAQ:OKTA) had been on monitor to for his or her ninth straight session of advances, if positive factors maintain, rising 0.7% on Wednesday.
The San Francisco, California-based firm has gained almost 24.6% year-to-date, in-line with the positive factors of the broader S&P 500.
Wanting at Looking for Alpha’s Quant scores, Okta has a Robust Purchase score with a rating of 4.69 out of 5. The corporate scored an A+ for revisions and A- for each progress and profitability. Nevertheless, it solely managed a C- for valuation.
Turning to the Wall Road neighborhood, 18 out of 44 analysts fee the OKTA a Purchase or larger, 25 fee it a Maintain, and one charges it a Promote.
Looking for Alpha analysts at massive take into account the inventory a Purchase. In line with SA analyst Gary Alexander, “Okta’s inventory has remained undervalued at ~4x FY25 income resulting from perceived weak spot in its outlook and a latest knowledge breach.”
December has been a good month for the corporate, with 11 classes within the inexperienced and two classes within the crimson.