Shaul Eyal, an analyst from TD Cowen, maintained the Hold rating on Okta. The associated price target remains the same with $115.00.
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Shaul Eyal has given his Hold rating due to a combination of factors surrounding Okta’s current market position and future prospects. The company’s focus on securing AI agents, as highlighted by CEO Todd McKinnon at the 2025 Oktane Keynote, underscores Okta’s commitment to innovation in identity security. Despite this promising direction, Eyal notes that while Okta’s Identity Governance (OIG) and Privileged Access Management (OPA) are showing positive signs, they still require further development to meet the complex needs of large enterprises.
Additionally, although Okta’s new features aim to elevate AI agents to a ‘first-class’ identity status, there is a need for more substantial product enhancements to fully capitalize on these advancements. The feedback from various stakeholders, including value-added resellers and global system integrators, suggests that patience is required as Okta continues to refine its offerings. Consequently, Eyal maintains a Hold rating, reflecting a cautious optimism as Okta progresses in its strategic initiatives.
According to TipRanks, Eyal is a top 100 analyst with an average return of 26.8% and a 70.16% success rate. Eyal covers the Technology sector, focusing on stocks such as Fortinet, Check Point, and Palo Alto Networks.
In another report released today, Piper Sandler also maintained a Hold rating on the stock with a $110.00 price target.