Okta Inc. (NASDAQ:OKTA) is one of the 11 best debt-free stocks to invest in right now. Stifel Nicolaus analyst Adam Borg maintains a Buy rating on Okta with a $130 price target. The company’s focus on identity-focused cybersecurity solutions is driving long-term positioning and demand growth.

Okta’s dual focus on Workforce Identity and Customer Identity is gaining traction, with newer products showing strong adoption. Improved go-to-market execution may lead to revenue and RPO reacceleration, potentially boosting operating margins and free cash flow. Stifel’s Borg views the stock’s valuation as reasonable relative to upside potential.

Okta Inc. (NASDAQ:OKTA) provides identity management and security solutions for accessing applications in the cloud or on-premises. While Okta offers investment potential, some AI stocks may have higher upside with less risk. A free report on the best short-term AI stock is available for further exploration.

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Read more at Yahoo Finance: Stifel Stands by Okta (OKTA) with $130 Target as Identity Demand Grows