Okta’s price target rises to $103 as KeyBanc cites accelerating enterprise security and AI agent budgets.
KeyBanc raised Okta’s price target to $103 from $95, reflecting a stronger outlook for enterprise security spending. The firm maintained an Overweight rating on the stock, citing increased demand for identity and AI agent security solutions.
The adjustment follows a broader trend of rising price targets across KeyBanc’s security coverage. Analysts highlight Okta’s central role in the evolving identity and AI security landscape, driven by recent cybersecurity events like Mythos.
Okta’s new target exceeds its current trading level, signaling potential upside as security budgets expand in the second half of the year.