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Friday, March 06, 2020 4:18:49 PM
By: Thefly | March 6, 2020
SunTrust analyst Joel Fishbein raised the firm's price target on Okta to $162 from $134 and keeps a Buy rating on the shares. The analyst cites the company having "significantly outperformed" expectations with a revenue beat translating to "best-of-date" operating leverage and free cash flow margins. Fishbein further cites the management's outlook calling for another year of over 30% growth while noting "encouraging" traction with enterprise customers.
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