Okta, Inc.
No SEC Form 4 filings for $OKTA in the last 30 days.
Wolfe Research screened for companies with market caps above $250 million in the top quintile for net cash-to-market cap (after debt), then CNBC Pro selected those with an average “buy” rating from Wall Street (FactSet). The list includes Deckers (12% ratio; shares up ~3% in 2026; ~20% upside expected, LSEG), Airbnb (11%; ~20% upside expected), and Okta (15%; ~8% upside expected).
Wall Street analysts, according to a StockStory report, have flagged Okta and Petco as potential sells while recommending Axos Financial as a buy. Okta's subpar billings growth, slowing sales, and shrinking free cash flow margin raise concerns. Petco faces challenges with poor same-store sales and a high net-debt-to-EBITDA ratio, potentially leading to dilutive equity offerings, while Axos Financial is seen as a strong buy due to robust fundamentals and a positive outlook.
Raymond James upgraded Okta (OKTA) to Outperform with an $85 price target, citing expectations that the net revenue retention headwind from COVID-era contracts will fade. Despite strengthening fundamentals, including GAAP profitability and significant free cash flow, the stock remains around $60. The upgrade positions Okta as a potential recovery play, especially given its strategic moves into AI identity security and a modest forward P/E ratio.
