Okta Launches Local Platform Tenants to Enhance Security and Compliance in India
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Local Platform Tenants: Okta is launching local platform tenants in India, set to go live in early 2026, aimed at addressing the country's growing data security and compliance needs, thereby enhancing customer trust and security in highly regulated sectors.
- AI Security Governance: Research from Okta reveals that while 91% of organizations are using AI agents, only 10% have a well-developed identity governance strategy, highlighting the urgent need for enhanced identity governance in the AI era to help businesses tackle emerging security challenges.
- Unified Identity Security Fabric: Okta's identity security fabric provides enterprises with a centralized control plane to effectively manage both human and AI agent identities, ensuring security and compliance across all applications and resources, thus supporting digital transformation efforts.
- Industry Applications: Okta's solutions are particularly beneficial for highly regulated sectors such as banking, financial services, insurance, and healthcare, assisting these industries in protecting sensitive data and identities within India's borders, ensuring compliance and enhancing customer trust.
Analyst Views on OKTA
Wall Street analysts forecast OKTA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OKTA is 120.93 USD with a low forecast of 75.00 USD and a high forecast of 145.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
33 Analyst Rating
21 Buy
11 Hold
1 Sell
Moderate Buy
Current: 93.350
Low
75.00
Averages
120.93
High
145.00
Current: 93.350
Low
75.00
Averages
120.93
High
145.00
About OKTA
Okta, Inc. is an independent identity partner. The Company’s Okta Platform and Auth () Platform enable its customers to securely connect the right people to the right technologies and services at the right time. It offers independent and neutral cloud-based identity solutions that allow customers to integrate with nearly any application, service or cloud that they choose through its platforms. Organizations use the Company’s Identity Platform to collaborate with their partners, and to provide their customers with secure experiences in the cloud and via mobile devices. Developers leverage the Workforce Identity Cloud and Customer Identity Cloud, powered by Auth (), to securely and efficiently embed identity into the software they build, allowing them to innovate and focus on their core missions. Its Okta Platform enables its customers to automate and secure access across their ecosystem of employees, contractors and partners, increasing collaboration across their workforces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
