Okta price target lifted to $220 as BofA sees stronger AI agent positioning

What Brokers Say Tech Written by: Ian Lyall 13:13 Thu 24 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Okta Inc ( NASDAQ:OKTA ) View Price & Profile Okta price target lifted to $220 as BofA sees stronger AI agent positioning Published: 13:13 24 Sep 2026 EDT Bank of America (BofA) raised its price target on Okta Inc (NASDAQ:OKTA) to $220 from $200 after the company unveiled new AI-agent security and identity capabilities at its Oktane 2026 conference. The bank said Okta’s ambition to become the identity control plane for AI agents was reinforced by new offerings including Agent SSO, runtime enforcement features and support for third-party identity providers. The bank has retained its ‘neutral’ rating on the US-based identity and access management company. BofA described the announcements as a continuation of early momentum rather than a change to its core investment thesis, while calling them another positive step for Okta’s AI strategy. Agent SSO, now available at no additional cost within Okta’s core SSO offering, uses short-lived, identity-governed tokens instead of stored credentials and gives each supported agent a first-class identity. Bank of America noted that this broadens adoption and creates a funnel into paid governance and runtime security controls. Okta for AI Agents, which includes Shadow AI Agent Discovery, Agent Gateway and Agent-to-Agent Connections, extends Okta beyond authentication into agent governance and runtime enforcement. Features such as permission mapping and a kill switch for deactivated agents are expected to strengthen monetization. The report also highlighted Okta’s support for third-party identity providers, including Microsoft Entra ID. BofA said support for third-party identity providers could expand Okta’s total addressable market by allowing it to sell AI-agent security alongside competing workforce identity platforms. This strategy positions Okta to sell adjacent controls such as privileged access and runtime detection without needing to dominate the core identity system. BofA said the AI-agent enhancements strengthen Okta’s opportunity to provide identity security across disparate systems. Continue reading