Macquarie Initiates Coverage of Okta (OKTA) with an Outperform Rating

Okta, Inc. (NASDAQ:OKTA) is 1 of the

8 Best Debt Free Stocks to Buy Right Now. On March 19, 2026, Macquarie initiated sum of Okta, Inc. (NASDAQ:OKTA) with an Outperform standing and a $100 terms target. Macquarie said the institution has “several levers to reaccelerate” remaining show obligations and gross growth, pointing to longer-term contracts, go-to-market changes introduced astatine the commencement of fiscal 2026, accrued engagement with transmission partners, and enlargement done the AWS Marketplace. The steadfast besides noted imaginable upside from agentic AI adoption successful the individuality abstraction and said the shares commercialized astatine a discount to cybersecurity peers.

On March 16, 2026, Jefferies maintained a Buy standing and a $105 terms people connected Okta, Inc. (NASDAQ:OKTA) aft attending its Okta Showcase 2026 event. Jefferies said individuality is becoming much important successful an “agentic world,” viewing Okta arsenic a beneficiary, and highlighted tailwinds, go-to-market improvements, and what it described arsenic blimpish statement estimates astatine 3.5 times expected guardant revenue.

Earlier successful March, Okta, Inc. (NASDAQ:OKTA) reported Q4 EPS of 90c, supra the 85c statement estimate, with gross of $761M compared to the $749.5M consensus. CEO Todd McKinnon said show was driven by “continued trust” from ample organizations and adoption of caller products, reinforcing the company’s individuality platform, and added that AI is “redefining the aboriginal of software,” expanding the request to unafraid AI agents, which aligns with Okta’s level capabilities.

Okta, Inc. (NASDAQ:OKTA) provides individuality and entree absorption solutions for organizations globally.

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