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4 months ago

Version History

2 additional sources confirmed this story

Version 14 months ago

What changed: The story was updated to include Zscaler's entry as a major competitor in the AI agent security market using its Zero Trust architecture.

StocksMediumUpdated•Originally published 6 April 2026•Updated 8 April 2026•

1 min read

Okta Upgraded to Strong Buy as Agentic AI Emerges as New Growth Catalyst

Key Facts

1Okta was upgraded to a 'Strong Buy' driven by durable cybersecurity identity demand and a compelling AI agent protection opportunity.

2Okta's Q4 revenue grew 11% year-over-year to $761 million.

3Current Remaining Performance Obligations (cRPOs) rose by 12%, with net retention stabilizing at 106%.

4Management anticipates AI agent identity protection to accelerate top-line growth, a view not yet reflected in consensus estimates.

Okta (OKTA) has been upgraded to a "Strong Buy" rating, driven by durable demand for cybersecurity identity solutions and emerging AI opportunities. The company reported an 11% year-over-year increase in Q4 revenue to $761 million, while current Remaining Performance Obligations (cRPOs) rose 12%. This strategic focus is expanding into a broader sector trend, with Zscaler (ZS) now also betting heavily on AI agent security as enterprise adoption surges. Zscaler is leveraging its Zero Trust architecture and massive data scale to capture a share of this fast-growing market alongside Okta. Analysts suggest that the potential growth from "Agentic AI" is not yet fully reflected in consensus market estimates. This shift highlights a new competitive landscape in cybersecurity centered on protecting autonomous AI agents.

Sources:

seekingalpha.com

zacks.com