Commercializing AI Agents Will Help Okta Accelerate Its Growth

Okta (OKTA) stock has surged 146% year-to-date (YTD). Considering the company's first-half fiscal 2027 top-line growth of just over 10%, clearly there is another factor driving the stock's momentum.

Morgan Stanley analyst Meta Marshall recently reiterated an “Overweight” rating for OKTA stock with a price target of $245. Marshall also highlighted the key factor pushing OKTA stock higher: The company’s exposure to the emerging “Agentic Identity” opportunity. Marshall opined in her analysis that Palo Alto Networks (PANW) and CrowdStrike (CRWD) are being highlighted as winners in the theme. However, upon looking at broader set of names, Okta is a “secular winner from Agentic Identity exposure.”