Jefferies raised Okta's price target from $200 to $240, reflecting a 16.87% potential gain as the company shifts focus to AI security. Okta aims to secure AI agents, a market CEO Todd McKinnon believes could outgrow traditional identity management. The company launched the "Blueprint Alliance" with partners like AWS and Salesforce to standardize AI agent security, positioning Okta for long-term growth in AI technology. This strategic move has boosted investor interest, with shares rising 4.45% to $205.36.
Okta's market cap stands at $35.90 billion as of September 24, 2026, 20:48 WIB, with a trading volume of 5,466,458 shares on Pluang. Despite the article noting a 4.45% rise, Okta's price on Pluang is slightly down by 0.69% at USD 203.95 at the same time. Investor interest remains strong, reflected in a 96% buy order activity on the platform, highlighting ongoing confidence in the company's strategic shift toward AI security.
At Oktane 2026, Okta CEO Todd McKinnon emphasized the company's focus on securing AI through unique identities for each AI agent, a concept introduced a year ago. He discussed the industry's current focus on improving existing processes with AI for e...
Cybersecurity stocks including CrowdStrike, Palo Alto Networks, Okta, and Palantir each rose about 4% while large-cap tech stocks declined. This movement is attributed to a rotation into cybersecurity and AI-adjacent enterprise software, as investors...
Cybersecurity stocks, particularly CrowdStrike and Okta, surged over 4% following AI safety warnings from AI industry leaders. These warnings highlight the growing risks from AI-driven threats, prompting expectations of increased enterprise spending ...
