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Fly News Breaks for August 1, 2019
OKTA
Aug 1, 2019 | 18:23 EDT
BMO Capital analyst Keith Bachman initiated Okta with a Market Perform rating and a price target of $155, saying the company is "well positioned" amid the ongoing shift to the cloud. The analyst also believes that the "identity market" is undergoing a period of sustained growth, adding that the stock should be consensus, but its valuation warrants a neutral stance.
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