Tuesday, December 6, 2022

Okta and Salesforce Are No Longer a Sell. The Bad News Is ‘Now Priced In.’

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Okta and Salesforce have both shared troubling news recently, but Guggenheim lifted its ratings on the cloud-based software stocks, saying the shares’ prices now reflect the companies’ challenges.

Analyst John DiFucci raised his rating on  Okta and Salesforce to Neutral from Sell on Friday. The upgrade comes after both companies recently noted that customers are taking longer to sign deals.


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