Capital One upgraded Okta (OKTA) to Overweight from Equal Weight and raised its price target to $171 from $126. The firm cited Okta's strong position as a "neutral and strategic partner" within the broader cybersecurity industry.
The analyst highlighted a healthy pipeline for Okta's AI agent services. They anticipate growing enterprise use of autonomous workflows will increase demand for AI agent discovery and governance. Capital One expressed confidence in Okta's growth prospects for the current year and into fiscal 2028.