Stocks were positive in early trading, looking to break a five-day losing streak that pushed the Dow into bear market territory, 20% below its record high. The latest round of selling seems to have several catalysts, including surging interest rates and concerns about Fed aggressiveness.
If investors should be greedy when others are fearful, now could be the best time to scoop up some shares of this cloud database provider.
A company with 400 million ‘patents’
One company has quietly compiled more than 400 million official trade secrets.
Trade secrets are like patents in that they protect valuable and proprietary information…
But unlike patents, trade secrets take less time to register… and more importantly, they never expire.
Which is a huge advantage for this little-known company.
You see, this company is using these trade secrets to build the world’s largest “codebase,” which will bethe key to it becoming “America’s Next Big Monopoly.”
Not surprisingly, Wall Street is starting to take notice. And the smart money is already pouring in.
Tech investor Cathie Wood has invested over $80 million already, and Microsoft founder Bill Gates has invested as well.
Get the details here before this story hits the mainstream media.
Okta Inc. (OKTA) is down more than 40% over the past month following a “disappointing quarter” that included go-to-market integration and execution issues with Okta/Auth0, COO/Co-founder Kerrest taking a one-year sabbatical, Chief Product Officer Jolly leaving the company, a lowering of fiscal year billings guidance and the re-evaluating of its existing FY26 targets.
“This has, in our view, created an attractive entry point for a leading cyber asset,” wrote Jefferies analyst Joseph Gallo as he initiated shares of the cybersecurity stock with a buy rating. “While we do not discount the amount of work in front of the company (likely to take a few quarters), we highlight a fantastic product, coupled with a large and underpenetrated market.”
Okta isn’t exactly a household name, but as more companies rely on IAM services to set up and manage their online permissions, many of them will turn to Okta‘s industry-leading tech — and as they do, Okta’s growth should help its share price to outpace the market over the long term.
Don’t let the company’s share price drop fool you — Okta‘s ability to grow its subscription sales and its addition of high-value $100,000+ customers prove that the company knows exactly what it’s doing in the IAM market. Okta’s share price is down 76% so far this year and currently trades at $52.84.
Jefferies’s $90 price objective suggests that shares could jump 48%. “We believe Okta has a significant opportunity as it attempts to build out a complete identity platform,” Gallo said. “Investors should always buy category leaders in cyber, and we view OKTA as exactly that.”
Should you invest in OKTA right now?
Before you consider buying OKTA, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not OKTA.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Why did Nancy Pelosi’s husband recently buy $1.5 million worth of this stock?
While millions of Americans are struggling through inflation and holding on to cash for dear life…
Nancy Pelosi and her husband, who made headlines after growing their wealth by $16.7 million during the crisis back in 2020…
Recently moved $1.5 million into the stock of a company that’s consistently been ranked as the #1 most valuable company in the world.
And they’re not alone…Warren Buffet recently put in $600 million into the very same stock.
Making gas-powered cars obsolete.
[Just $5 to position yourself today.. Details HERE >>]