BofA raises Okta price target to $220 on new AI security features unveiled at Oktane 2026.

Bank of America raised its price target for Okta Inc to $220 from $200 following the company's announcement of new AI-agent security and identity features at the Oktane 2026 conference. These enhancements include Agent SSO, runtime enforcement, and support for third-party identity providers, which strengthen Okta's position as a key identity control platform for AI agents. The new features aim to broaden adoption, improve governance, and expand Okta's market reach, particularly by integrating with competing workforce identity platforms. While BofA maintained a neutral rating, it views these developments as positive momentum for Okta's AI strategy and future monetization opportunities.

Okta's shares are trading at USD 209.47 on Pluang as of Sep 25, 2026 01:21 WIB, close to the Bank of America price target increase to $220. The stock has gained 2.00% in the past day, showing positive momentum that aligns with the recent AI-related feature announcements. Investor interest on Pluang is strong, with 77% of order activity being buys and a typical hold time of 44 days, reflecting confidence in Okta's evolving role in AI security.