Okta rises after Barclays upgrades to 'overweight'

Okta

20/04/2026 12:45

** Digital identity verification firm Okta's OKTA.O shares rise 2% to $73.69 premarket

** Barclays upgrades OKTA to "overweight" from "equal weight"

** Brokerage says identity is the top spending security priority in its CIO survey

** Says intra-quarter checks on co have improved notably, reflecting healthy demand of new products, better channel engagement and improving execution through salesforce specialization

** Adds that agentic AI starting to be viewed as an identity problem, likely supporting the co

** Raises PT to $90 from $85, an upside of 24.5% to its last close of $72.25

** 34 of 47 brokerages rate the stock "buy" or higher, 11 "hold" and 2 "sell"; their median PT $100 - LSEG data

** YTD, as of last close, OKTA stock down 16.5%

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsoneuters.com))