Okta (OKTA): Assessing Valuation After Recent Share Price Drift
Okta (OKTA) shares have been drifting lower recently, with the stock slipping about 1% in the past day and down 6% for the month. Investors are closely watching valuation and growth dynamics after the company’s latest performance.
See our latest analysis for Okta.
Zooming out, Okta’s share price has notched an 8.9% gain year-to-date. Some momentum earlier in 2024 is now fading as recent losses weigh on sentiment. However, its 11.3% total shareholder return over the past year still points to longer-term resilience, even as investors weigh valuation against growth potential.
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