OKTA Stock Plunges 20% Year to Date: Should You Buy the Dip?

Okta (OKTA) shares have declined 20.2% year to date (YTD), underperforming the broader Zacks Computer & Technology sector's return of 26.3%. It has also lagged the Zacks Internet Software and Services industry, which has declined 7.8% over the same timeframe. OKTA has been suffering from a challenging macroeconomic environment that has negatively impacted its business mix. Constrained budgets are hurting both the Customer Identity and Workforce Identity businesses. In second-quarter fiscal 2025, the trailin ...