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Fly News Breaks for February 9, 2018
MDSO
Feb 9, 2018 | 09:00 EDT
Needham analyst Scott Berg lowered his price target on Medidata to $75 and kept his Buy rating after the company's Q4 earnings. Berg says that while the quarter beat on revenue and bookings were more positive than in Q3, the management has backed off its 2020 $1B revenue goal, suggesting that longer term growth is slower than previously laid out.
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