Robert W. Baird analyst Shrenik Kothari has maintained their bullish stance on OKTA stock, giving a Buy rating today.
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Shrenik Kothari has given his Buy rating due to a combination of factors surrounding Okta’s strategic advancements and market positioning. Okta is actively consolidating its identity stack and operationalizing governance, which positions it well to dominate the evolving identity security landscape. The company’s new product announcements, particularly its “Identity Security Fabric” and Agentic identity initiatives, highlight its commitment to becoming a critical component of future security architectures.
Moreover, Okta’s focus on Agentic AI as a growth lever is noteworthy, with plans to integrate AI agents into the identity layer, which is expected to drive long-term growth. The company’s strategic partnerships and ecosystem expansion further solidify its position in the market, enhancing its role as a neutral control plane. Additionally, customer feedback underscores Okta’s superior user experience and integration capabilities, making it a preferred choice over competitors like Microsoft. These factors collectively contribute to Kothari’s positive outlook on Okta’s stock.
In another report released today, D.A. Davidson also maintained a Buy rating on the stock with a $140.00 price target.