These 10 Stocks Defied Tuesday’s Bloodbath

1. Okta Inc. (NASDAQ:OKTA)

Okta Inc. skyrocketed by 24.27 percent on Tuesday to end at $108.31 apiece as investor sentiment was fueled by its impressive earnings performance.

During the last three months ending January 31, 2025, OKTA said it swung to a net income of $23 million, reversing a net loss of $44 million in the same period a year earlier as revenues rose by 12.7 percent to $682 million from $605 million.

In the last twelve months alone, OKTA posted a net income of $28 million, a reversal from the $355 million net loss a year earlier, as revenues grew by 15 percent to $2.6 billion from $2.26 billion.

Looking ahead, OKTA expects the first quarter of fiscal year 2026 to record revenues between $678 million and $680 million, or a growth rate of 10 percent year-on-year.

For the full year of fiscal 2026, revenues were pegged at a range of $2.85 billion to $2.86 billion, or between 9 and 10 percent growth rate year-on-year.

While we acknowledge the potential of OKTA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OKTA but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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