Okta's Shares Surge on Strong Q4 Results and Optimistic 2025 Outlook

Analysts raise forecasts as the identity management firm reports significant revenue growth and minimal impact from last year's security breach.

Okta Inc. shares surged following strong fourth-quarter results, with several analysts raising their stock forecasts.
The company reported a 19% jump in revenue and a significant beat on adjusted earnings per share, alongside upbeat guidance for fiscal 2025.
Okta's growth is attributed to momentum from larger customers and success with its identity management solutions.
Despite a security breach last year, Okta's financial performance indicates minimal impact, with management implementing new security measures.
Analysts remain optimistic about Okta's position in the identity management market, despite increasing competition.