okta stock is getting a boost from raymond james analyst adam tindle who lifted his rating on the stock to strong buy from outperform ahead of the identity management software company’s earnings report on sept 1 okta ticker okta shares have been left out of this year’s market rally falling 3 for the year through tuesday versus a gain of more than 20 for the sp 500 tindle said a number of factors have weighed on the stock including the company’s poorly received 65 billion acquisition of auth0 disappointing forecasts about profitability and two changes of chief financial officer but tindle writes that proprietary survey work and discussions with channel executives indicate that employee identity access management is a topthree area of intended spending for corporate it buyers he also sees accelerating spending on customer identity and access management a related segment where auth0 has been focused “we see a rare valuation dislocation at present in an asset that has significant potential to be a consolidator in a universal use case across one of the most attractive growth markets in technology” tindle said in a research note okta stock was up 48 to 25933 on wednesday morning the analyst said that while he has been on the sidelines regarding the outlook for okta since beginning coverage earlier this year the company has now “cleared the decks” investors should get into the stock now ahead of what tindle expects will be a “groundswell of catalysts” he said for the july quarter okta has forecast revenue of 295 million to 297 million with a nongaap loss of 35 to 36 cents a share for the january 2022 fiscal year okta’s latest projection calls for revenue of 1215 billion to 1225 billion and a nongaap loss of 113 to 116 a share