@CCM_Brett $OKTA has a TAM of $50B &amp; current revenue around 1% of that. The only true competitor in the IAM space is $MSFT. Assume Okta continues growing rev at 35% the next 5 years ($3.1B), then trades at P/S of 20. That’s a 3x return in 5 years (22% CAGR) from this valuation