Cantor Fitzgerald Calls Okta a Contrarian Value Opportunity With 30% Upside

Okta Inc. (NASDAQ:OKTA) is among the best software infrastructure stocks to buy according to hedge funds. While Cantor Fitzgerald analyst Jonathan Ruykhaver has been bullish on Okta since initiating coverage at the end of March 2025, he characterized the stock as a “contrarian value play” in his latest update early this week. He also reiterated his Overweight rating and $115 price target. As his case for Okta Inc. (NASDAQ:OKTA) as a value play, Ruykhaver highlighted the stock’s steep valuation discount, ...