Okta’s (NASDAQ: OKTA) summer stock price weakness was warranted, as its security platform came under scrutiny amid industry headwinds and management and integration challenges. However, today's story is completely different: Okta has navigated its prior hurdles and emerged as an AI winner.
It just so happens that AI is driving an exponential increase in digital traffic, increasing the need for ID security and access management, Okta’s specialty. While growth remains sluggish for now, signs point to acceleration and long-term profitability.
