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Fly News Breaks for March 8, 2019
OKTA
Mar 8, 2019 | 08:08 EDT
Canaccord analyst Richard Davis raised his price target on Okta to $85 from $75 and he believes shares could double in the next 3-5 years. He believes the shares are subject to swoons given the stock's high valuation, thus he recommend buying a half position and waiting for a pullback to add. Davis reiterated his Buy rating on Okta shares.