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Barchart
Barchart
Nauman Khan

Wall Street Loves This Software Stock for 2026. Should You Buy It Now?

Over the past year, software and cybersecurity stocks have reclaimed Wall Street’s spotlight as businesses rush to secure cloud, AI, and identity environments, but not every vendor stands to benefit equally. Investors are hunting for platforms that can cross-sell, widen margins, and ride the next wave of enterprise spending.

One stock that just moved up on Wall Street Radar is Okta (OKTA). Recently, Jefferies upgraded the identity-management specialist to “Buy” and raised its price target, arguing that Okta can evolve into a full identity platform and that several FY-27 catalysts make its current valuation look stretched to the upside. 

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