William Blair analyst Jonathan Ho has maintained their bullish stance on OKTA stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors that highlight Okta’s strategic positioning in the evolving technology landscape. Okta’s recent conference, Oktane 2025, showcased its commitment to enhancing its platform capabilities, particularly in securing AI agents and modernizing identity infrastructure. The introduction of the Identity Security Fabric positions identity as a central control plane for both human and AI interactions, which is crucial in an increasingly digital world.
Moreover, Okta’s expansion into Identity Governance for B2B and external users addresses the growing need for compliance in customer-facing applications. Although the adoption of agentic AI solutions is still in its early stages, Okta’s innovations such as the Cross App Access protocol and upcoming Verifiable Digital Credentials indicate a forward-thinking approach. While immediate financial impacts may be limited, the strong momentum in enterprise adoption and legacy consolidation suggests a promising long-term growth trajectory, underpinning Ho’s optimistic Buy rating.
In another report released today, Canaccord Genuity also reiterated a Buy rating on the stock with a $120.00 price target.