Okta Valuation: Guidance Beats and AI Traction Highlight Operational Momentum

Okta (OKTA) shares have beaten guidance and shown early traction in AI agents with 100+ customers and over $200 million in ARR. Despite a mixed share price backdrop, the stock is still 71% below its 5-year total return high, trading at a reported 38% intrinsic discount and 36% below the average analyst target. The most followed narrative sets fair value at $147.87, a wide gap that puts Okta's profit and cash flow path under the spotlight.