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Fly News Breaks for December 6, 2019
OKTA
Dec 6, 2019 | 06:05 EDT
Piper Jaffray analyst Rob Owens raised his price target for Okta to $140 from $135 saying the company is "firing on all cylinders." Okta's quarterly results topped expectations across the board as billings, revenue, operating margin, earnings and free cash flow all topped expectations, Owens tells investors in a post-earnings research note. He believes Okta is one of the most "strategic plays" in the security universe and views the identity segment a "compelling category." The analyst keeps an Overweight rating on the shares.
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