Okta, headquartered in San Francisco with 5,710 employees, provides a cloud-based identity management platform for enterprises, including Workforce and Customer Identity products. The company went public on April 7, 2017.
OKTA has been in the news recently: Loop Capital has initiated coverage on Okta, giving it a buy rating with a price target of $140, citing expected growth from AI demand in identity security. Inside Edge Capital has also included Okta in its model, forecasting a breakout near $115 and projected profitability this year due to increasing AI integration by 2027.
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