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Fly News Breaks for April 4, 2019
AMSWA
Apr 4, 2019 | 08:51 EDT
William Blair analyst Matthew Pfau last night initiated coverage of American Software with an Outperform rating. The analyst believes the company's transition to a software-as-a-service model will "materially increase" customer lifetime value, expand its addressable market, and create a more "stable, predictable business." In a bull case scenario, the shares could double over the next four years, Pfau tells investors in a research note.
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