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Fly News Breaks for July 10, 2019
GTYH
Jul 10, 2019 | 09:12 EDT
As previously reported, Needham analyst Scott Berg initiated GTY Technology with a Buy rating and a price target of $10, saying the stock presents a "unique" investment opportunity for early-stage "digitization" of state and local governments. The analyst notes that only 5% of the company's total addressable market is currently on the cloud, and he believes that GTY Technology can capture a "significant" share of this market over the coming decade as legacy systems become too antiquated to support the modern technology requirements.
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