Can Okta (OKTA) Stay Expensive After Its 161% Run?

Okta has delivered a very large 160.6% return year to date, which naturally puts a spotlight on whether the current share price lines up with the cash the business can generate over time. With sentiment shaped by headline stories about AI security, passwordless authentication and new partner initiatives, the real issue for you is how that momentum stacks up against Okta’s underlying cash flows. The 160.6% year to date gain puts a lot of expectation into Okta stock, so the key issue is...