Okta’s role in EnterpriseClaw puts identity at the center of AI agents

Automation Anywhere’s new EnterpriseClaw platform, built with Cisco, NVIDIA, Okta (OKTA), and OpenAI, gives investors a fresh data point on how Okta’s identity tools are being used inside emerging enterprise AI agent workflows.

Within EnterpriseClaw, Okta is responsible for cross agent identity management and authentication. It applies policy controls as AI agents operate across cloud platforms, desktops, and behind the firewall systems where business work is executed.

This setup is designed to keep access and activity under centralized governance. It does this while agents interact directly with applications, browsers, and local systems, an area where identity and access management plays a core risk control role.

Okta’s recent role in EnterpriseClaw and a series of AI focused product updates sit alongside a strong run in the stock, with a 30 day share price return of 21.40% and a 90 day share price return of 26.35%, even as the 1 year total shareholder return is down 26.50% and the 5 year total shareholder return is down 57.81%. This points to improving short term momentum against a weaker long term record.

If you are looking beyond Okta for other ways to play the AI software trend, this could be a useful moment to scan 64 profitable AI stocks that aren't just burning cash

With Okta trading at US$92.24 against an average analyst target near US$101 and an indicated intrinsic discount of 28.32%, the real question is whether that gap signals upside or whether markets are already pricing in future growth.

Most Popular Narrative: 37.6% Undervalued

Tokyo’s widely followed narrative pegs Okta’s fair value at $147.87, well above the last close at $92.24, which frames Okta as meaningfully undervalued in that view.

Okta has a solid foundation: a technically brilliant solution, a strong market position and a recurring revenue model. But to be truly successful, Todd McKinnon needs to take strategic risks and further develop the business model.

Want to see what underpins that higher fair value for Okta? The narrative leans on expanding margins, rising free cash flow and a future earnings multiple usually reserved for established software leaders. Curious which assumptions really move that $147.87 figure against today’s $92.24 price? The full narrative spells out the earnings, cash flow and profitability path that supports this view.

Result: Fair Value of $147.87 (UNDERVALUED)

However, investors still need to weigh risks such as a weaker long term share price record and any potential pressure on net retention or profitability expectations.

Another angle on Okta’s value

That user narrative leans heavily on future cash flows and a fair value of $147.87, but the market is also looking hard at today’s earnings. On a P/E of 68.8x versus 20.8x for the US IT industry, 41.6x for peers, and a fair ratio of 32.7x, Okta carries clear valuation risk if expectations soften. So is this a mispricing investors are being paid for, or just a rich entry point?

Next Steps

If this mix of optimism and caution has you undecided, quickly review the facts yourself and form your own conclusion using the 3 key rewards

Looking for more investment ideas?

If Okta has caught your eye, do not stop here. Broaden your watchlist now so you are not left reacting after the next big move.

• Spot potential bargains early by scanning 48 high quality undervalued stocks that pair attractive pricing with solid fundamentals.
• Strengthen your income stream by checking out 10 dividend fortresses built around companies offering higher yields.
• Sleep easier by focusing on resilience first and reviewing 65 resilient stocks with low risk scores that rate well on risk factors.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.