Okta (OKTA) Reiterated at Overweight by Cantor Fitzgerald After Q4 Beat
Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating on Okta, Inc (NASDAQ: OKTA).
The analyst commented, "Okta delivered a strong F4Q26, exceeding consensus across revenue, cRPO, operating margin, and EPS, supported by improving sales productivity and continued momentum in newer product areas. Identity Governance, Privileged Access, and Identity Threat Protection are scaling meaningfully, with new products now representing ~30% of bookings and driving ~40% contract uplift when included in deals. While FY27 guidance was mixed, we remain constructive given strengthening execution, growing partner leverage, and early traction in AI agent security, positioning Okta for improving subscription growth into FY27."
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Shares of Okta, Inc closed at $75.47 yesterday.
