Jim Cramer on Okta: "These Guys Have Excellent Numbers and a Very Strong Business"

Okta, Inc. (NASDAQ:OKTA) is one of the stocks Jim Cramer recently offered insights on. Cramer called the stock “Cramer family favorite,” as he commented:

“While we’re out here in San Francisco, it’s worth digging into why this market’s gotten so hostile to enterprise software, even the parts of the sector that previously seemed like ironclad… cyber security. Take Cramer family favorite, Okta, the leader in identity verification. These guys have excellent numbers and a very strong business. The last couple of quarters showed good strength, yet the stock’s actually down more than 30% from its highs in May. In fact, it’s even below where it bottomed after Liberation Day in April. No matter what Okta does right, it doesn’t seem like the market cares.”

Okta, Inc. (NASDAQ:OKTA) provides identity management and security solutions through products that enable secure access, authentication, and governance across cloud and on-premises systems. When a caller asked about the stock during the September 19 episode, Cramer responded:

“I like Okta because I like identity management. But you know what? Palo Alto’s got great identity management now that they’re buying CyberArk, so I got to send you over to PANW.”

While we acknowledge the potential of OKTA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.