11 Unstoppable Growth Stocks to Invest in Now

2. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 72

3-Year Revenue Growth: ~26.1%

% Increase on a YTD Basis: ~51.5%

Okta, Inc. (NASDAQ:OKTA) operates as an identity partner in the US and internationally. Analyst Shrenik Kothari of Robert W. Baird maintained a “Buy” rating on the company’s stock, retaining the price objective of $130.00. As per the analyst, Okta, Inc. (NASDAQ:OKTA)’s financial results exhibited healthy growth and improving profitability, cementing its position in the mid-cap segment. The company’s valuation is attractive, and Kothari believes that its multiples remain lower than the median for high-growth SaaS companies, highlighting the potential for expansion.

In FY 2025, the company’s total revenue came in at $2.610 billion, reflecting an increase of 15% YoY. The subscription revenue sat at $2.556 billion, a rise of 16% YoY. GAAP net income amounted to $28 million as compared to a GAAP net loss of $355 million for FY 2024. Amidst a rapidly evolving IT and security landscape, companies are preferring Okta, Inc. (NASDAQ:OKTA) as their identity partner for its ability to deliver the broadest array of modern identity security with the flexibility to address the demands. Elsewhere, a report from Loop Capital initiated coverage on the company’s shares with a “Buy” rating and a price objective of $140 per share. The analyst highlighted expectations of higher demand for identity security as GenAI systems are increasing in deployment. White Brook Capital Partners, an investment management firm, published its Q4 2024 investor letter. Here is what the fund said:

“Okta, Inc. (NASDAQ:OKTA) was basically unchanged from where we bought it in 2024, although its had a good start to 2025. Okta’s products are used by customers and consumers to manage and secure identities. I believe we acquired shares at an attractive price and look forward to publishing a write up early this year.”