​Okta, Inc. (OKTA) To Launch Local Data Centers in India

​Okta, Inc. (NYSE:OKTA) is one of the Best Cybersecurity Stocks to Buy in 2026. On January 16, Okta, Inc. (NYSE:OKTA) announced that it will be launching local data centers in India, which will be hosted on AWS. Management noted that this strategic move ensures that Indian customer data stays within India and targets regulated industries, including banking, financial services, insurance, and healthcare. The deployment is expected to start for new and existing customers in early 2026.

​Moreover, Wall Street also remains bullish on the stock. Analysts 12 month price target reflects more than 32% upside from the current level. Recently, on January 14, Todd Weller CFA from Stephens upgraded the stock from Hold to Buy and also raised the price target from $97 to $120. Earlier on January 5, Cantor Fitzgerald also reiterated an Overweight rating on the stock with a $115 price target.

​Analysts at Stephens noted that they see growth acceleration materializing throughout the year. This places Okta in an attractive risk/reward profile for the year. Moreover, the firm also sees cybersecurity remaining a high-growth area in 2026, driven by strong demand.

​Okta Inc. (NASDAQ:OKTA) is a cloud-based identity and access management company. It enables organizations to securely connect employees, customers, and partners to applications and systems.

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.