Okta Nearly Doubled This Year. So Why Is SailPoint Still Below Its IPO Price?

Jefferies reiterated a Buy rating and $23 price target for SailPoint (NYSE:SAIL) after its Navigate 2026 conference, citing product developments and positive customer feedback. The stock is up 55% in six months. Other analysts have mixed views, with targets ranging from $17 to $27. SailPoint expects its Entro tool to launch in November.

Oppenheimer initiated coverage of SailPoint (SAIL) with an Outperform rating and $30 price target, citing its differentiated technology. Shares rose 1.3% in premarket trading.

Okta (OKTA) shares rose 1% after Morgan Stanley raised its price target to $245 from $200, citing growth potential in AI-driven security systems. Analyst Meta Marshall maintained an Overweight rating, noting increasing interest in Okta's agentic identity solutions.

Morgan Stanley raised its price target for Okta to $245 from $200, citing the company's potential in securing AI agents. The stock has surged 140% in 2026, but analysts note that near-term earnings guidance remains unchanged. Okta's recent event highlighted new AI-agent identity products, but some analysts were disappointed by the lack of updated financial targets.

Morgan Stanley raised its price target for Okta to $245 from $200, maintaining an Overweight rating. The firm cited increased AI safety concerns as a potential catalyst for accelerated growth. Okta's stock has risen 3.46% in the past month and 135.25% year-to-date.

Okta (OKTA) has appointed Helen Riley, a senior Alphabet executive, to its board of directors. Riley brings extensive experience in finance and operations across Alphabet units and public company governance. Okta, with a market cap of $34.1b, positions itself as an identity partner for enterprises, and Riley's background is relevant for investors tracking big tech's influence on security infrastructure. Investors will watch for impacts on contract size and product uptake in upcoming earnings.