Macquarie initiated coverage of Okta (OKTA) with an Outperform rating and $100 price target The firm says the company has “several levers to reaccelerate” remaining performance obligations and revenue growth in the medium term. These include longer-term contracts, go-to-market changes implemented at the start of fiscal 2026, heightened engagement with channel partners, and growth of the AWS Marketplace, the analyst tells investors in a research note. Macquarie also believes adoption of agentic AI could represent a significant new opportunity in the identity space. The firm adds that Okta shares trade at a significant discount to its cybersecurity peers.
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