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Fly News Breaks for May 31, 2019
OKTA
May 31, 2019 | 06:57 EDT
SunTrust analyst Terry Tillman raised his price target on Okta to $110 after its Q1 earnings beat and above-consensus outlook for Q2. The analyst points to the company's "new product innovation, growing enterprise traction and channel growth" driving the upside in the quarter amid strong demand trends for new products, including its recently launched Advanced Server Access that exceeded the management's expectations. Tillman also keeps his Hold rating on Okta stock, citing risk-reward in its valuation.