Ping Shares Jump On Rating Upgrade By Stifel


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  • Stifel analyst Adam Borg upgraded Ping Identity Holding Corp (NYSE:PINGto Buy from Hold with a price target of $30, up from $25, implying an upside of 16%.
  • Ping offers an enterprise-focused Identity and Access Management (IAM) platform, a foundational cybersecurity technology.
  • The potential fallout from Okta Inc's (NASDAQ:OKTA) breach can be an additional positive driver for Ping.
  • He thinks it will deliver at least 20% ARR growth in the coming periods.
  • Price Action: PING shares traded higher by 7.14% at $25.83 on the last check Thursday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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