Okta has been upgraded to a strong buy due to steady demand in cybersecurity identity products and promising opportunities in AI agent protection. The company's Q4 revenue rose 11% year-over-year to $761 million, with net retention steady at 106%, indicating business stability. Management expects AI-driven identity protection to boost future revenue growth, a factor not yet priced into current market estimates. Okta's strong cash position, improving profit margins, and subscription model support a long-term target of 30% net margins, making it an attractive investment prospect.
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