Okta Inc. shares closed Monday with a modest gain after the identity-management software company scored a double upgrade ahead of earnings following a downgrade of the stock six months ago.
Okta OKTA shares rose 1.2% to $72.26 on Monday after Goldman Sachs analyst Gabriela Borges upgraded the stock two notches to a buy rating from a sell, now that she sees a favorable risk/reward ratio with subscription revenue likely to trough in the second half of the year.
Borges…
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