5 Best Debt Free Stocks to Buy Right Now

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1. Okta, Inc. (NASDAQ:OKTA)

On March 19, 2026, Macquarie initiated coverage of Okta, Inc. (NASDAQ:OKTA) with an Outperform rating and a $100 price target. Macquarie said the company has “several levers to reaccelerate” remaining performance obligations and revenue growth, pointing to longer-term contracts, go-to-market changes introduced at the start of fiscal 2026, increased engagement with channel partners, and expansion through the AWS Marketplace. The firm also noted potential upside from agentic AI adoption in the identity space and said the shares trade at a discount to cybersecurity peers.

On March 16, 2026, Jefferies maintained a Buy rating and a $105 price target on Okta, Inc. (NASDAQ:OKTA) after attending its Okta Showcase 2026 event. Jefferies said identity is becoming more important in an “agentic world,” viewing Okta as a beneficiary, and highlighted tailwinds, go-to-market improvements, and what it described as conservative consensus estimates at 3.5 times expected forward revenue.

Earlier in March, Okta, Inc. (NASDAQ:OKTA) reported Q4 EPS of 90c, above the 85c consensus estimate, with revenue of $761M compared to the $749.5M consensus. CEO Todd McKinnon said performance was driven by “continued trust” from large organizations and adoption of new products, reinforcing the company’s identity platform, and added that AI is “redefining the future of software,” increasing the need to secure AI agents, which aligns with Okta’s platform capabilities.

Okta, Inc. (NASDAQ:OKTA) provides identity and access management solutions for organizations globally.

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 the cheapest AI stock.

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