OKTA

OktaB

Nasdaq / Software & Services

At close

2026-07-22

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

Momentum remains the lead driver in the composite, 7D delta +0.6.

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)

0 · Net Neutral

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

Data freshness

Prices

As of 2026-07-22

Fundamentals

As of 2026-07-21 • Vendor: Data Vendor v1

Scores

As of 2026-07-22 • Model: HYBRID_IC_RP

AI Memo

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

Investment thesis

As of 2026-07-22

Supporting evidence

What

Grade B · Constructive

Confidence Medium · Net Neutral

Target $126.92

Why

Momentum98 · Δ7d +0.6

Value51 · Δ7d +0.4

Sentiment26 · Δ7d +6.1

So what

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

Lead driver: Momentum · See technicals

Momentum

26% active weight

Current posture

7d trendFlat

Δ7d

+0.6

Δ21d

+0.6

Value

39% active weight

Current posture

7d trendFlat

Δ7d

+0.4

Δ21d

+0.2

Sentiment

34% active weight

Current posture

7d trendImproving

Δ7d

+6.1

Δ21d

-4.9

Why this grade

Composite grade B. Momentum 97.9 / Value 50.7 / Sentiment 25.8

Fundamentals (TTM)

As of 2026-07-21

Market Cap

$24.63B

Beta

0.77

Shares Out

173.81M

P/E (TTM)

78.1

P/S (TTM)

5.47

P/FCF (TTM)

17.37

Rev YoY

+11.2%

EPS YoY

+20.1%

Gross Margin

+77.4%

Op Margin

+3.9%

Net Debt

-$2.13B

Current Ratio

1.36

As of 2026-07-22 • Updated nightlySource: Internal modelMethodology