Barclays Lowers PT on Okta, Inc. (OKTA) to $100 From $120

Okta, Inc. (NASDAQ:OKTA) is one of the most promising future stocks according to Wall Street analysts. On August 18, Barclays lowered the firm’s price target on Okta, Inc. (NASDAQ:OKTA) to $100 from $120, keeping an Equal Weight rating on the shares.

The rating update came ahead of the earnings report on August 26. Barclays added that it sees potential upside for the remaining performance obligations because of healthy federal activity.

Okta, Inc. (NASDAQ:OKTA) provides an identity management platform for enterprises, operating through the International and United States geographical segments.

The company secures the identity of every AI agent across its full lifecycle, irrespective of the task and environment. Its products include multi-factor authentication, single sign-on, API access management, access gateway, authentication, lifecycle management, and more.

While we acknowledge the potential of OKTA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.