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Fly News Breaks for April 27, 2016
MKTO
Apr 27, 2016 | 07:48 EDT
Canaccord said Marketo reported decent Q1 results, but noted confusion over the calculated billing guidance, which could lead to softness in the share price near-term. The firm said the company's execution on the sales front was respectable and believes the company can grow 20-30% annually for years to come. Canaccord reiterated its Buy rating and raised its price target to $26 from $23 on Marketo shares.
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