HomeTechHardwareProgress For Okta (OKTA) Ahead Despite Continued Microsoft (MSFT) Competition

Progress For Okta (OKTA) Ahead Despite Continued Microsoft (MSFT) Competition

Goldman Sachs upgraded Okta (OKTA) to buy from sell and raised its price target to $91 from $77. The analyst noted that lapping headwinds in its customer ID access management business are tied to the merging of its organic and acquired portfolios. They also believe that competition from Microsoft (MSFT) will remain, but it's reflected in continued discounted multiple by 30% relative to its peers. George Tsilis discusses this and demonstrates an example trade using OKTA. The trade type is a cash secured put and the direction is neutral to bullish. Tune in to find out more about the stock market today.

Trading 360

14 Aug 2023

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