The generative artificial intelligence boom could benefit shares of identity security platform Okta , according to Loop Capital. Seeing the identity security market at an inflection point as a result of AI initiatives, the firm initiated coverage on the stock with a buy rating and $140 price target. That reflects 24% upside from Friday’s close. “The overall identity security market is on the verge of a mass market adoption phase driven by the need to secure GenAI deployments, which require a…
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https://www.cnbc.com/2025/05/05/this-tech-stock-could-become-a-bellwether-as-ai-use-proliferates-loop-capital-says.html