Is Okta Stock a Buy?
Companies need more protection for their online accounts than ever before, and to get it, many are turning to Okta's (NASDAQ: OKTA) identity and access management services.
Okta helps companies manage their employees' and customers' logins, making it easy for each individual to access precisely the information they are supposed to have access to and, just as important, keeping everyone from gaining access to what they shouldn't be able to see.
Optimism about the company's growing business has driven its share price upward by about 90% over the past year, and with that spike in value behind it, some investors may wonder if Okta's stock is still a buy. To answer that, let's take a look at the tech company's growth rate, its addressable market, and how it's earning more money from its current customers.
Source Fool.com
