Buy The Dip in Okta, There's Nothing Wrong With the Outlook

Okta TodayOKTAOkta$104.07 +0.90 (+0.87$70.56▼$127.57Price Target$121.59Add to WatchlistYou would think that Okta’s NASDAQ: OKTA FQ1 earnings release was weaker than expected and compounded by poor guidance, the way its stock price fell after its release. Down more than 15% for the week, the only thing wrong with the report is a hint of caution in the full-year guidance. The full-year guidance was only reaffirmed, despite a solid Q1 performance and hot guidance for Q2.Get Okta alerts:The out ...