Is Okta Stock's 4.55X P/S Still Worth it? Buy, Sell or Hold?
Okta(OKTA) ZACKS·2024-11-19 01:05
Okta (OKTA) shares are trading at a stretched valuation, as suggested by the Value Score of F. In terms of the forward 12-month Price/Sales (P/S), OKTA is trading at 4.55X, a premium compared with the Zacks Internet Software Services industry’s 2.68X. However, Okta is significantly undervalued in comparison to its closest peers, including Microsoft (MSFT) , Palo Alto Networks (PANW) and CrowdStrike (CRWD) . Microsoft, Palo Alto and CrowdStrike shares are trading at P/S of 10.56X, 13.21X and 17.99X, respect ...