Truist analyst Junaid Siddiqui upgraded Okta (OKTA) to Buy from Hold with a price target of $125, up from $100, ahead of fiscal Q2 earnings due on Tuesday. The firm believes Okta is approaching an inflection point as headwinds from seat count pressure and go-to-market changes are seen abating in the second half of FY26 while the company’s all-in-one identity platform is resonating with customers. The firm expects further traction in IGA and PAM, with further upside potential from Agentic AI, the analyst tells investors.
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