Is Okta Stock's 4.55X P/S Still Worth it? Buy, Sell or Hold?
Portfolio Pulse from
Okta's Identity Threat Protection solution is gaining adoption, which boosts its prospects despite a challenging macroeconomic environment and a stretched valuation with a 4.55X price-to-sales ratio.

November 18, 2024 | 5:15 pm
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NEUTRAL IMPACT
Okta's Identity Threat Protection solution is gaining adoption, which is positive for its business outlook. However, the stock's valuation is stretched with a 4.55X price-to-sales ratio, which may concern investors in a challenging macroeconomic environment.
The adoption of Okta's Identity Threat Protection solution is a positive development, indicating potential growth. However, the high price-to-sales ratio suggests that the stock may be overvalued, especially in a challenging macroeconomic environment. This creates a neutral short-term impact as the positive business development is offset by valuation concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100