Okta Inc. (NASDAQ:OKTA) is a top software infrastructure stock according to Cantor Fitzgerald analyst Jonathan Ruykhaver. He sees Okta as a “contrarian value play” with an Overweight rating and $115 price target. The stock is undervalued compared to peers, benefiting from the increasing strategic importance of identity in cybersecurity.

Bulls point to Okta’s strong execution and the growing importance of identity in security breaches. Bears are concerned about competition from other identity companies like CyberArk and Microsoft. However, the rise of AI agents is making identity even more critical to security, supporting a positive outlook for Okta’s growth potential.

Okta Inc. (NASDAQ:OKTA) specializes in cloud-based identity and access management solutions for organizations. Despite its potential as an investment, other AI stocks may offer greater upside potential with less downside risk. For those seeking an undervalued AI stock with potential from current trends, consider exploring other options beyond Okta.

Read more at Yahoo Finance: Cantor Fitzgerald Calls Okta a Contrarian Value Opportunity With 30% Upside