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Okta's New Product Traction is an Encouraging Sign, Morgan Stanley Says

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Okta's (OKTA) new product traction is an encouraging sign, while artificial intelligence-related agent identity products offer additional upside catalyst through 2026, Morgan Stanley said in a Friday research report.

The company has an opportunity over the coming years to address the agentic visibility challenge and position itself as the enterprise "identity system of record" for AI agents, analysts wrote.

Q1 beat across key metrics offer the company a solid starting point with an attractive setup, according to the note.

The brokerage said it reiterated its overweight rating on the stock and boosted its price target to $115 per share from $101.

Price: $116.07, Change: $+21.35, Percent Change: +22.54%

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