Latest news with #IttaiKidron
Yahoo
2 days ago
- Business
- Yahoo
Oppenheimer Raises Okta (OKTA) Price Target, Maintains Outperform Rating
Okta, Inc. (NASDAQ:OKTA) is one of . Oppenheimer analyst Ittai Kidron has raised the firm's price target on Okta, Inc. (NASDAQ:OKTA) to $135 from $125, maintaining an Outperform rating on the shares. The upgrade follows Okta's strong fourth-quarter results and an upward revision to its guidance, driven by broad-based momentum across several key areas. According to Oppenheimer, the company saw solid trends among its large customers, contributing to robust growth. Notably, Okta recorded a record contribution from its Auth0 segment, further enhancing its revenue mix. Additionally, growing product cross-sell activity highlighted the company's expanding product portfolio and customer engagement. A mobile application developer programming on a tablet, illustrating the power of the company's adaptive multi-factor authentication. The analyst praised Okta's overall execution during the quarter, calling it an 'excellent quarter' that showcased the benefits of recent sales adjustments and the company's increasing product breadth. These factors, combined with a favorable market environment, position Okta well for continued growth. Oppenheimer expressed a bullish outlook on Okta's prospects, establishing the stock as a top pick within its coverage. The firm sees a potential multi-quarter re-rating driven by the company's strong sales execution and expanding portfolio. Investors may view Okta's improving fundamentals and strategic progress as key reasons for confidence in the stock's future performance. The updated price target reflects Oppenheimer's belief that Okta is well-positioned to capitalize on its momentum and deliver sustained growth in the coming quarters. While we acknowledge the potential of OKTA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKTA and that has 100x upside potential, check out our report about this cheapest AI NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and 7 Most Popular AI Penny Stocks Under $5 To Avoid. Disclosure: None.
Yahoo
22-04-2025
- Business
- Yahoo
Oppenheimer Leans Into Cybersecurity, Names CrowdStrike and Zscaler as Earnings Season Picks
Even with rising macroeconomic pressures and ongoing tariff concerns, Oppenheimer is sticking with three cybersecurity names it says are built to weather the stormCrowdStrike (NASDAQ:CRWD), CyberArk (NASDAQ:CYBR), and Zscaler (NASDAQ:ZS). Warning! GuruFocus has detected 3 Warning Sign with CRWD. In a new report, analyst Ittai Kidron says the firm is dialing back 2025 estimates across the board for software companies due to slowing IT budgets and increased caution from both businesses and consumers. While most companies are expected to post solid first-quarter results, the outlook for the rest of the year is less clear, and guidance could come in softer than usual. Still, cybersecurity stands out. Kidron sees CrowdStrike's unified platform and strength across key areas like cloud and identity protection as a strong advantage. CyberArk's wide range of identity-focused tools gives customers a one-stop approach to security. And Zscaler continues to lead in Zero Trust architecture, offering cloud-native solutions that are increasingly replacing older, less flexible tools. Oppenheimer sees CrowdStrike's single-agent platform and multi-product strength as key growth drivers. It views CyberArk's broad identity and access capabilities as a consolidator's play. Meanwhile, Zscaler's Zero Trust architecture and cloud security positioning remain standout advantages as firms shift from legacy network short, even with market nerves high, Oppenheimer sees opportunity in security. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Oppenheimer Leans Into Cybersecurity, Names CrowdStrike and Zscaler as Earnings Season Picks
Even with rising macroeconomic pressures and ongoing tariff concerns, Oppenheimer is sticking with three cybersecurity names it says are built to weather the stormCrowdStrike (NASDAQ:CRWD), CyberArk (NASDAQ:CYBR), and Zscaler (NASDAQ:ZS). Warning! GuruFocus has detected 3 Warning Sign with CRWD. In a new report, analyst Ittai Kidron says the firm is dialing back 2025 estimates across the board for software companies due to slowing IT budgets and increased caution from both businesses and consumers. While most companies are expected to post solid first-quarter results, the outlook for the rest of the year is less clear, and guidance could come in softer than usual. Still, cybersecurity stands out. Kidron sees CrowdStrike's unified platform and strength across key areas like cloud and identity protection as a strong advantage. CyberArk's wide range of identity-focused tools gives customers a one-stop approach to security. And Zscaler continues to lead in Zero Trust architecture, offering cloud-native solutions that are increasingly replacing older, less flexible tools. Oppenheimer sees CrowdStrike's single-agent platform and multi-product strength as key growth drivers. It views CyberArk's broad identity and access capabilities as a consolidator's play. Meanwhile, Zscaler's Zero Trust architecture and cloud security positioning remain standout advantages as firms shift from legacy network short, even with market nerves high, Oppenheimer sees opportunity in security. This article first appeared on GuruFocus.
