13 Best Big Tech Stocks to Buy According to Hedge Funds

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1. OKTA, Inc. (NASDAQ:OKTA)

OKTA, Inc. (NASDAQ:OKTA) is among the best technology stocks.

TheFly reported on February 26 that BMO Capital reduced its price target for OKTA from $90 to $83 and maintained a Market Perform rating. The firm said that it expects solid results for the January quarter and anticipates management will guide full-year 2027 revenue near consensus, but continued investor caution toward software stocks keeps the firm cautious on the shares.

OKTA, Inc. (NASDAQ:OKTA) also announced an expanded relationship with the PGA of America on February 5, strengthening identity security for over 30,000 golf professionals, workers, and millions of fans worldwide. The partnership, which builds on their current partnership, aims to reduce human IT and development work while delivering safe, AI-powered digital experiences.

OKTA’s technology enables smooth and validated interactions across all touchpoints by offering scalable, robust identity management and sophisticated defense against AI threats. The PGA of America is able to expedite access, protect digital operations, and consolidate member and fan identities thanks to the extended cooperation. The objectives of both organizations, improving engagement, speeding up AI innovation, and preserving a safe, effective online environment for both professionals and fans, are supported by this project.

OKTA, Inc. (NASDAQ:OKTA) is a leading identity and access management company providing secure authentication, single sign-on, and lifecycle management solutions. It helps organizations protect users, applications, and data while enabling seamless digital experiences across cloud and on-premises environments.

While we acknowledge the potential of OKTA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKTA and that has 100x upside potential, check out our report about this cheapest AI stock.

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