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7. Okta Inc. (NASDAQ:OKTA)

Okta bounced back by 11.03 percent on Thursday to finish at $79.65 apiece, as investors took heart from a nearly 800-percent expansion in profits last year, coupled with five analysts’ bullish ratings for its stock.

In an updated report, Okta Inc. (NASDAQ:OKTA) said that it grew its net income last year by 739 percent to $235 million from only $28 million in 2024, as total revenues jumped by 11.8 percent to $2.9 billion from $2.6 billion, on the back of an 11-percent expansion in revenues from subscriptions.

In the fourth quarter alone, net income jumped by 174 percent to $63 million from $23 million in the same period a year earlier, while total revenues increased by 11.6 percent to $761 million from $682 million.

“Our strong performance this fiscal year was fueled by the continued trust of the world’s largest organizations and the accelerating adoption of our new products, reinforcing the value of our unified identity platform,” Okta Inc. (NASDAQ:OKTA) CEO Todd McKinnon said.

“AI is redefining the future of software and creating a critical need to secure AI agents, a challenge Okta was built to solve. As the only independent and neutral identity platform, we are uniquely positioned to secure every identity – from humans to AI agents – while providing our customers across the public and private sector the flexibility to innovate with confidence in the early stages of this new era.”

Following the results, Okta Inc. (NASDAQ:OKTA) received overweight ratings and buy recommendations from investment firms Morgan Stanley, Truist, Berenberg, Oppenheimer, and UBS, albeit the companies cut their price targets to a range of $100 to $125, from a range of $110 to $145 previously.