OKTA

OktaB

Nasdaq / Software & Services

At close

2026-06-02

Current thesis

The quarter showed solid execution across revenue, backlog, operating income, and cash flow, and management highlighted large-enterprise strength, higher sales productivity, and traction in Identity Governance. That keeps the AI-agent narrative credible as a longer runway if it converts into bookings and backlog.

Posture

Constructive

Lead driver

Momentum

What changed

9 setup hits (3d) with net bullish as of 2026-06-02.

What can break

AI-agent monetization is still early, so the valuation can de-rate quickly if the narrative outruns booked demand.

Momentum

Value

Sentiment

Setup hits (3d)

9 · Net Bullish

AI TargetsBase $109.00 · Bull $125.00 · Bear $80.00

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-29 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade B · Constructive

Confidence Medium · Net Bullish

Target $108.90

Why

Momentum91 · Δ7d +15.8

Value52 · Δ7d -2.2

Sentiment28 · Δ7d -

So what

Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Lead driver: Momentum · See technicals

Momentum

34% active weight

Current posture

7d trendImproving

Δ7d

+15.8

Δ21d

+68.2

Value

32% active weight

Current posture

7d trendSoftening

Δ7d

-2.2

Δ21d

-3.4

Sentiment

33% active weight

Current posture

7d trendSoftening

Δ7d

Δ21d

Why this grade

Composite grade B. Momentum 90.8 / Value 51.5 / Sentiment 28.2

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$24.51B

Beta

0.77

Shares Out

177.23M

P/E (TTM)

78.1

P/S (TTM)

5.47

P/FCF (TTM)

17.37

Rev YoY

+11.6%

EPS YoY

+169.1%

Gross Margin

+77.1%

Op Margin

+3.9%

Net Debt

-$1.67B

Current Ratio

1.47

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology