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Fly News Breaks for April 23, 2018
ASUR
Apr 23, 2018 | 06:50 EDT
Needham analyst Scott Berg initiated with a Buy rating and a price target of $20. Berg says the stock presents a "differentiated investment opportunity" with a "consistent low-risk inorganic strategy and a wide-open organic strategy. The analyst points to $30B total addressable market allowing Asure Software to drive long-term, double-digit organic revenue growth and raise its EBITDA margins to 30%. Berg also sees the company's valuation as attractive at a multiple of 2.2-times enterprise value to revenue relative to 3.0-times of its peers.
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