Okta Stock: Weakness Is Opportunity
OKTAOkta(OKTA) Seeking Alpha·2024-08-31 19:00
Funtap/iStock via Getty ImagesMore than a year ago, I thought Okta, Inc. (NASDAQ:OKTA) stock was ready for a reversal in prospects despite a lackluster YTD performance leading up to my article. OKTA, which was trading around $71 back then, reversed as predicted and hit a high of around $110 in March 2024 before losing most of those gains. Last Thursday, in a wild trading session, Okta stock dropped almost 18% after reporting decent earnings that failed to impress the market. Although there is no questio ...