IAM ,Buyers are pushing to major levels ,what's next ?Hello ladies and gentleman ,According to my analysis of IAM ,I see that buyers return to push the price to our major levels 113 -143 "+40%",which is supported by a big bearish volume that indicates that we may see a reversal in the coming days ,also we will be looking for buying opportunities if we got a good confirmation in the levels between 88-94,that's why we'll be observing the market in the next days to get the opportunity to enter in earlier stage of the movement
I hope you appreciate my analysis ,If you have any suggestions ,please write it below to discuss it.
IAM
Strong Revenue Growth, Outstanding Execution!Morning*'s valuation implies 2024 EV/Sales multiple of 5.5x.
Forecasted Revenue growth 24% annualized rate over next five years!
TTM Rev Growth YoY was 43%; 206% above sector median! Rev FWD growth is 26% or 142% above sector median.
Expected to become profitable on adjusted OpMargin basis next year and GAAP profitable in 2027 in line with current models as long as Okta continues to execute its growth strategy via investing in sales and research divisions.
The purple area target is my own personal target within time frame expected based on probabilities.