Okta's stock triples on 11% growth: How AI re-rating and new products drove 50x earnings

Okta's stock triples on 11% growth: How AI re-rating and new products drove 50x earnings

2h ago

SaaStr Gtm_strategy New

The Gist

Okta's stock tripled in 5 months despite only 11% revenue growth
New products now drive 30% of bookings with 14% cRPO growth
Market re-rated Okta from 18x to 50x forward earnings on AI potential

RevBots.ai View:

GTM teams should track how AI narrative shifts can massively impact valuation beyond pure revenue metrics.

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