Shares of cloud-based cyber identity-verifier Okta (NASDAQ: OKTA) jumped on Tuesday, and are up 2% as of noon ET.

You can thank JMP Securities for that.

This morning, JMP upgraded shares of Okta to an outperform rating, adding a $260 price target that implies the analyst sees the stock rising nearly 55% over the course of the next 12 months, reports StreetInsider.com.

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Source Fool.com