Truist analyst Junaid Siddiqui raised his price target on Okta to $125 from $100, saying the company is nearing an inflection point as seat count and go-to-market pressures ease in the second half of FY26. He added that Okta's all-in-one identity platform is gaining traction, with growth expected in identity governance and administration (IGA), privileged access management (PAM), and potential upside from Agentic AI.