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Fly News Breaks for July 19, 2018
MEET
Jul 19, 2018 | 07:26 EDT
As reported previously, Canaccord analyst Austin Moldow upgraded Meet Group to Buy from Hold. He said the company is significantly different than a year ago, as it is now made up of four apps, advertising contributes 40% of revenue, and video is at an annualized run-rate of $19M in revenues. Moldow, who believes there is the potential for upward revenue revisions, raised his price target to $6 from $3 on Meet Group shares.
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