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Fly News Breaks for May 31, 2019
OKTA
May 31, 2019 | 06:41 EDT
JPMorgan analyst Sterling Auty raised his price target for Okta to $127 from $88 following the company's fiscal Q1 results and keeps an Overweight rating on the shares. Okta's growth investments are paying off in enterprise wins, Auty tells investors in a research note. The analyst expects most of the upside surprise this year to be in revenue growth, with the margin leverage "kicking back in after."
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