Jim Cramer Thinks Okta, Inc. (OKTA)‘s “Numbers Will Be Tremendous”
We recently published a list of Jim Cramer’s Game Plan: 12 Stocks in Focus. In this article, we are going to take a look at where Okta, Inc. (NASDAQ:OKTA) stands against other stocks that Jim Cramer discusses.
Cramer mentioned that he agrees with analysts who are recommending buying Okta, Inc. (NASDAQ:OKTA) stock ahead of the quarterly earnings report.
“After the close Tuesday, we hear from a company that’s suddenly adored, and it’s Okta… Todd McKinnon has been on a bunch of times, cybersecurity specialist that handles login and verification credentials. Analysts have been climbing up all over themselves to recommend the stock ahead of the quarter. I think they’re right. I think the numbers will be tremendous.”
A mobile application developer programming on a tablet, illustrating the power of the company’s adaptive multi-factor authentication.
Okta, Inc. (NASDAQ:OKTA) provides various identity and access management solutions that enable organizations to securely handle user identities and regulate access to applications, devices, and data. Cramer was similarly bullish on the company when he was asked about it in April, as he said:
“I think Okta is terrific. It’s one of the greatest companies. I tell you, anybody who works there has a great time, and they have done remarkable things. And Todd McKinnon is terrific, and so is cybersecurity…. This one is a winner.”
Overall, OKTA ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of OKTA as an investment, our conviction lies in the belief that 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 stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
