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Fly News Breaks for November 18, 2019
OKTA
Nov 18, 2019 | 08:43 EDT
As reported previously, Canaccord analyst Richard Davis downgraded Okta to Hold from Buy. The analyst cited its elevated valuation and said it is expensive by any valuation method and therefore fully priced. Davis lowered his price target to $120 from $145 on Okta shares.