Cantor Fitzgerald and DA Davidson Cut Okta, Inc. (OKTA) Price Targets, Stay Bullish

Okta, Inc. (NASDAQ:OKTA) is one of the 15 AI Stocks With Explosive Growth Potential.

Cantor Fitzgerald and DA Davidson Cut Okta, Inc. (OKTA) Price Targets, Stay Bullish

Okta, Inc. (NASDAQ:OKTA) is one of the best AI stocks with explosive growth potential. On February 26, Cantor Fitzgerald lowered its price target on Okta, Inc. (NASDAQ:OKTA) from $115 to $100 and kept its Overweight rating on the stock. The research firm pointed to recent market contraction, even though its latest checks were solid.

According to Cantor Fitzgerald’s fourth-quarter fiscal 2026 checks, 21% respondents said demand was ahead of expectations. This is down from 39% in the third quarter of fiscal 2026. Partners described the quarter as steady, mainly supported by renewals and early-stage growth efforts.

On February 26, DA Davidson also reduced its price target on Okta, Inc. (NASDAQ:OKTA) from $140 to $110 and maintained its Buy rating. The research firm expects the company to report over $2.5 billion in current remaining performance obligations, above its guidance range of $2.445 billion to $2.45 billion.

DA Davidson’s positive outlook is based on stable to slightly improved net sales performance in its fourth-quarter channel survey, better sales representative attrition, and expectations for continued gains in sales productivity. The firm believes Okta, Inc. (NASDAQ:OKTA) could see growth reaccelerate by the second half of fiscal 2027. The firm pointed to ongoing improvements in sales execution and a meaningful expansion in sales capacity as key reasons for this expectation.

Okta, Inc. (NASDAQ:OKTA) is an American identity and access management company that provides security solutions for businesses and developers.

While we acknowledge the potential of OKTA as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

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