Morning*'s valuation implies 2024 EV/Sales multiple of 5.5x. Forecasted Revenue growth 24% annualized rate over next five years! TTM Rev Growth YoY was 43%; 206% above sector median! Rev FWD growth is 26% or 142% above sector median.
Expected to become profitable on adjusted OpMargin basis next year and GAAP profitable in 2027 in line with current models as long as Okta continues to execute its growth strategy via investing in sales and research divisions.
The purple area target is my own personal target within time frame expected based on probabilities.