Okta received a buy rating due to strong platform expansion and traction from new products, which now make up about 30% of Q4 bookings with a 40% average contract uplift. This indicates deeper customer engagement and higher revenue per client. Additionally, AI agent identity management is seen as a promising future growth area, positioning Okta to benefit from the rise in enterprise adoption of non-human identities. Improved go-to-market strategies and stronger partner involvement are expected to accelerate growth and potentially increase valuation as these trends develop.
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