Okta (OKTA) Could Be 36% Overvalued Following Its AI Agent Identity Push

Aembit’s decision to support Cross App Access, an open protocol introduced by Okta (OKTA), puts the identity provider’s AI agent ambitions in sharper focus after the recent Oktane 2026 announcements. Investors have leaned into the AI story around Okta since the Oktane 2026 updates, with the 30-day share price return of 23.25% and year-to-date share price gain of 144.95% pointing to strong positive momentum from a market that is treating Okta’s AI agent push and new board appointment as...