Bank of America (BofA) raised its price target on Okta Inc (NASDAQ:OKTA) to $220 from $200 after the company unveiled new AI-agent security and identity capabilities at its Oktane 2026 conference. The bank said Okta's ambition to become the identity control plane for AI agents was reinforced by new offerings including Agent SSO, runtime enforcement features and support for third-party identity providers.
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