Stifel Keeps Buy Rating on Okta, Inc. (OKTA)

Okta, Inc. (NASDAQ:OKTA) is one of the 10 Best American AI Stocks to Buy According to Analysts. On October 6, Stifel reaffirmed its Buy rating on Okta, Inc (NASDAQ:OKTA) with a $130 price target.

This decision came after a virtual fireside chat which featured Okta, Inc.’s (NASDAQ: OKTA) President of Customer Identity Cloud, Shiv Ramji, and Senior Vice President of Design & Research, Kristen Swanson. They discussed the company’s strategic plans following the Oktane user conference.

The discussion focused on Okta, Inc.’s (NASDAQ:OKTA) Identity Security Fabric strategy and explored opportunities across important areas like Identity Governance Administration (IGA), Privileged Access Management (PAM), and Customer Identity and Access Management (CIAM).

The executives also discussed the company’s new portfolio designed to secure AI agents. This is an area where Okta, Inc. (NASDAQ:OKTA) is developing solutions across detection, provisioning, authorization, governance, and threat response.

Stifel highlighted that Okta, Inc. (NASDAQ:OKTA) showed strong innovation across its product portfolio during the chat. The firm especially noted the company’s early efforts to create a comprehensive security system for AI agents.

Okta, Inc. (NASDAQ:OKTA) is an American identity and access management company that provides security solutions for businesses and developers.

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.