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Fly News Breaks for August 21, 2019
OKTA
Aug 21, 2019 | 07:14 EDT
SunTrust analyst Terry Tillman raised his price target on Okta to $130 ahead of its Q2 results next week, saying the positive trends in cloud identity adoption and a broader set of products should drive the company's "strong $100K customer activity" with new additions and rising international momentum. The analyst adds that the product expansion can help Okta generate sales growth of 40% in 2019 and beyond, but keeps his Hold rating citing risk/reward at current valuation.