Jefferies remains positive on Okta given tailwinds and go-to-market improvements

Jefferies keeps a Buy rating and $105 price target on Okta (OKTA) after attending its Okta Showcase 2026 event. The firm says identity is increasingly important in an agentic world, with Okta seen as a beneficiary. Jefferies also remains positive on Okta given its tailwinds, go-to-market improvements, and conservative consensus estimates at only 3.5 times expected forward revenue, the analyst tells investors in a research note.