Is Okta (OKTA) Worth More Than Its Cash Flow Suggests?

Okta has surged in recent years as identity security moved closer to the center of enterprise IT, which now leaves a sharper question for you as an investor. Is a share price that reflects this kind of momentum supported by the cash the business can realistically generate over time? Over the past 3 years the stock has returned 197.4%, which puts a lot of weight on whether the current valuation is grounded in its underlying cash flows. Recent work on AI agent identity standards and...