Okta, Inc. (NASDAQ:OKTA), featuring a short float of 5.03% and upside potential of 21.50%, earns a spot on our list of the best cloud stocks to buy as Azure growth hits 40%.
On May 14, 2026, Barclays raised its price target on Okta, Inc. (NASDAQ:OKTA) to $93 from $90 while keeping an “Overweight” rating ahead of the company’s May 28 earnings report
The firm said Okta could raise its fiscal 2027 guidance, citing improved demand and execution. That update followed Barclays’ earlier upgrade of Okta, Inc. (NASDAQ:OKTA) to “Overweight” from “Equal Weight,” when it lifted its price target to $90 from $85. The firm pointed to its chief investment officer survey, which showed identity moving to the top spending priority within security.
Barclays also said Okta, Inc. (NASDAQ:OKTA)’s standing was “improving steadily as a vendor expected to see increased spending,” citing the company’s broad exposure to the large identity market, including fast-growing sub-segments. The stock is up 25% over the past month. In March, D.A.