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Buy this cybersecurity stock as agentic AI grows, Barclays says

Cnbc · · 408 words · By Liz Napolitano
Investment Advice/Stock Promotion
open_in_new Read the original article: https://www.cnbc.com/2026/04/20/buy-this-cybersecurity-stock-as-agentic-ai-grows…

psychologyDetected Techniques

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Glittering Generalities 60% confidence
Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

fact_checkFact-Check Results

16 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 6
info Single Source 4
check_circle Corroborated 3
help Insufficient Evidence 2
verified Verified 1
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“It's time to buy Okta as a boom in the artificial intelligence industry fuels demand for identity-based security solutions, according to Barclays.”
CORROBORATED
Multiple web search results reference the connection between the AI boom, the need for identity security, and Okta. One source mentions Okta's AI-powered Identity Threat Protection, and the general context of the AI boom driving security spending is present across multiple search results.
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web search NEUTRAL — The current AI boom is not sustainable, a Deutsche Bank research note warned this morning, because tech spending won’t “remain parabolic.”On the heels of Nvidia’s $100 billion investment in OpenAI, tw…
https://fortune.com/2025/09/23/ai-boom-unsustainable-tech-sp…
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web search NEUTRAL — Okta has unveiled Identity Threat Protection with Okta AI, an Okta Workforce Identity Cloud product that delivers real-time detection and response for identity-based threats.
https://www.msspalert.com/news/okta-delivers-ai-powered-iden…
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web search NEUTRAL — The Okta and Auth0 Platforms enable secure access, authentication, and automation — putting identity at the heart of business security and growth.
https://www.okta.com/
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“The bank upgraded the cybersecurity software stock to overweight from equal weight.”
CORROBORATED
The web search results contain direct reports from Barclays regarding an upgrade to Overweight from Equal Weight for Okta. One result explicitly states: 'Barclays upgraded Okta (OKTA) to Overweight from Equal Weight with a price target of $90, up from $85.'
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web search NEUTRAL — Barclays upgraded Okta (OKTA) to Overweight from Equal Weight with a price target of $90, up from $85. Barclay's chief investment officer survey indicates identity has moved to the top spending securi…
https://www.tipranks.com/news/the-fly/okta-upgraded-to-overw…
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web search NEUTRAL — According to The Fly, Barclays hiked its price target for the Okta stock to $105 from $96, implying an upside of more than 10% from Thursday's close. The brokerage has an 'Equal Weight' rating on the …
https://stocktwits.com/news-articles/markets/equity/okta-sto…
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web search NEUTRAL — Okta has an average rating of overweight and mean price target of $114.47, according to analysts polled by FactSet. ...
https://www.marketscreener.com/news/stephens-upgrades-okta-t…
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“It also raised its price target to $90 from $85, implying 24.6% upside from Friday's close.”
CORROBORATED
The claim regarding the price target raise to $90 from $85 is directly supported by one web search result. While other sources mention different price targets ($105, $115, $110), the specific detail of raising it to $90 from $85 is corroborated by the evidence.
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wikipedia NEUTRAL — Formula One sponsorship liveries have been used since the 1968 season. Before the arrival of sponsorship liveries in 1968, the nationality of the team determined the colour of a car entered by the tea…
https://en.wikipedia.org/wiki/Formula_One_sponsorship_liveri…
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wikipedia NEUTRAL — NordLayer, formerly known as NordVPN Teams, is a network access security service with applications for Microsoft Windows, macOS, Linux, Android and iOS and Browser extension. The software is marketed …
https://en.wikipedia.org/wiki/NordLayer
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web search NEUTRAL — Several analyst firms have adjusted their price targets for Okta. D.A. Davidson reiterated a Buy rating, setting a price target of $110, while Needham maintained a Buy rating but lowered its price tar…
https://www.investing.com/news/analyst-ratings/bernstein-rai…
+ 2 more evidence sources
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“The rating change come as "as identity moves to the top spending security priority in our CIO survey, checks improve intra-quarter on demand and execution, and we see upside from the agentic opportunity," analyst Saket Kalia said Monday in a note to clients.”
SINGLE SOURCE
The specific quotes attributed to analyst Saket Kalia regarding identity being a top spending priority, checks improving, and agentic opportunity are not independently corroborated by multiple sources. The evidence confirms Saket Kalia is an analyst at Barclays, but the full quote is only present in the context of the search results related to the initial report.
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web search NEUTRAL — Saket Kalia is a 4.05-star Wall Street Analyst at Barclays. Saket Kalia's focuses on the Technology sector and covers 55 stocks with a 51.97% success rate.
https://www.tipranks.com/experts/analysts/saket-kalia
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web search NEUTRAL — Saket Kalia is a 4.05-star professional stock analyst working for Barclays. Saket has had a 55.69% success rate and an average return of 9.32%.
https://stockanalysis.com/analysts/saket-kalia/
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web search NEUTRAL — Saket Kalia is a stock analyst at Barclays focused in the computer and technology sector, covering 42 publicly traded companies. Over the past year, Saket Kalia has issued 125 stock ratings, including…
https://www.marketbeat.com/all-access/analyst-rankings/44/
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“He noted that Okta has already shown several signs of developing its business and bringing in more customers.”
SINGLE SOURCE
The statement that Saket Kalia noted Okta has shown signs of developing its business and acquiring more customers is contextually linked to the analyst's notes in the search results, but no independent source repeats this specific observation, making it single-sourced from the context provided.
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web search NEUTRAL — On Tuesday, Barclays analyst Saket Kalia increased the price target for Okta, Inc. (NASDAQ: OKTA) to $115 from the previous $105, while keeping an Equalweight rating on the stock.
https://www.investing.com/news/analyst-ratings/barclays-rais…
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web search NEUTRAL — Barclays Capital began coverage of Okta (NASDAQ:OKTA) with Equal Weight rating and an $81 price target. Analysts led by Saket Kalia said that Okta competes in the $20B plus identity and access, or ...
https://www.msn.com/en-us/money/technology/okta-initiated-wi…
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web search NEUTRAL — Top-rated analyst Matthew Hedberg noted that while fiscal 2026 guidance is flat to slightly up, it now factors in macroeconomic uncertainties. Likewise, Barclays five-star-rated analyst Saket Kalia lo…
https://www.tipranks.com/news/wall-street-tempers-optimism-o…
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“"Our recent checks on Okta have been incrementally better than prior quarters, with a more constructive and consistent tone across partners and customers, Kalia wrote."”
SINGLE SOURCE
The specific quote regarding Okta's checks being incrementally better with a constructive tone is presented as part of the analyst's commentary in the search results, but it is not corroborated by multiple independent sources.
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web search NEUTRAL — We have used a fixed long-term projected tax rate of 26% in our computation of the non-GAAP income tax provision through fiscal 2026 to provide better consistency across the reporting periods. Effecti…
https://investor.okta.com/financials/quarterly-results/defau…
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web search NEUTRAL — Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced financial results for its first quarter ended April 30, 2025. "Okta had ...
https://www.businesswire.com/news/home/20250523850212/en/Okt…
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web search NEUTRAL — One of Okta's partners, Palo Alto Networks, recently announced an agreement to buy Okta competitor CyberArk.
https://www.cnbc.com/2025/08/26/okta-q2-earnings-report-2026…
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“"We think this improvement reflects a mix of healthier underlying demand, improving execution and stronger channel engagement, in-line with management's partner- first messaging over the past few [quarters]."”
SINGLE SOURCE
The specific analysis attributing the improvement to healthier underlying demand, improving execution, and stronger channel engagement is part of the analyst's detailed commentary found in the search results, but it lacks corroboration from other independent reports.
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web search NEUTRAL — Okta's Profitability Pivot: Sustaining Growth While Attracting Deep-Value Attention . Analysts note the premium multiple hinges on sustained execution, particularly in cross-selling AI-driven security…
https://www.ainvest.com/news/okta-profitability-pivot-sustai…
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web search NEUTRAL — This positive movement reflects growing investor confidence in Okta's strategic direction and financial health, driven by strong performance metrics and key leadership changes. The company's ability t…
https://www.monexa.ai/blog/okta-okta-q4-2025-earnings-leader…
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web search NEUTRAL — SAN FRANCISCO-- (BUSINESS WIRE)-- Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced financial results for its second quarter ended July 31, 2025. "Okta's unified ide…
https://investor.okta.com/news-and-events/news-releases/news…
verified
“Okta is a cloud-based solution that enables clients to connect to multiple applications with a single credential using an identity and access management platform.”
VERIFIED
Multiple web search results from Okta itself and industry guides confirm that Okta is a cloud-based IAM platform used for connecting users to multiple applications using a single credential (SSO). This is a core, consistently described function.
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web search NEUTRAL — Identity for your workforce Easily provision and manage access for your employees and partners with the leading identity and access management platform. Single Sign-On | Universal Directory | Adaptive…
https://www.okta.com/discover/okta-iam/
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web search NEUTRAL — As a mobile app development agency, we see clients leverage Okta to solve critical security and user experience challenges. Implementing Single Sign-On (SSO) Single Sign-On is perhaps one of Okta's mo…
https://www.metacto.com/blogs/what-is-okta-a-deep-dive-into-…
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web search NEUTRAL — What is Okta? Okta is a cloud-based IAM platform that helps organizations manage and secure user authentication, authorization, and access to applications and services.
https://www.linkedin.com/pulse/okta-comprehensive-guide-iden…
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“It's a tool that could become useful, not just for humans, but for agentic AI bots as well.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results or cross-references to support the claim that Okta's platform is useful for agentic AI bots.
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“Agentic AI is a term for the set of tools and services that assist users with a variety of tasks, which has received considerable attention from technology giants over the past few months.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results or cross-references to define or describe 'Agentic AI' as a set of tools and services.
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“The growing agentic AI trend could be an opportunity for Okta to bolster its business.”
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“"Agentic is starting to be viewed as an identity problem - agents are essentially extensions of human identities that operate at a much greater scale, which naturally pulls agent governance and assigning guardrails to those agents as an identity problem," Kalia wrote.”
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“"As a result, we are not be surprised to see multiple vendors trying to participate in this space and expect competition to pick up."”
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“Of the 47 analysts covering Okta, 33 have a buy or strong buy on the stock, per LSEG.”
PENDING
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“Raymond James last week upped its rating on shares to outperform from market perform.”
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“Shares have declined 16% in the year to date, underperforming the overall market.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.