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Fly News Breaks for January 8, 2020
UPLD, LLNW, EBIX
Jan 8, 2020 | 12:33 EDT
Craig-Hallum analyst Jeff Van Rhee named Ebix (EBIX), Limelight Networks (LLNW), and Upland Software (UPLD) as hit 2020 top picks. Van Rhee has a Buy rating and $110 price target on Ebix, saying he believe shares "are a coiled spring" entering this year with improved fundamentals and shares that continue to lag. The analyst has a Buy rating and $5 price target on Limelight Networks, saying the shares are "highly attractive" trading at 2.1x 2020 revenue with consensus seeing 13% year-over-year growth in 2020. Van Rhee has a Buy rating and $59 price target on Upland Software, saying the current level, following a 30% dip from recent highs, is an attractive entry point considering the upside to EBITDA estimate and the best-in-class nature of the company's model.
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