Deutsche Bank analyst Gray Powell left conversations with management and partner contacts feeling positive on the broader demand environment in the identity space and confident in the sector's growth prospects, even in the event of a slowdown in broader technology spending. In addition, insights around new initiatives, like the Okta Access Gateway and Advanced server Access, were positive, Powell tells investors in a research note. The analyst remains "very confident" in his forecasts for Okta. In an upside scenario, the company could end up growing revenue in excess of 45% in fiscal 2020 versus the Street's estimates that call for growth of 41%, says Powell. He keeps a Buy rating on the shares.