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Fly News Breaks for July 18, 2018
MODN
Jul 18, 2018 | 16:28 EDT
Needham analyst Ryan MacDonald initiated Model N with a Buy and $23 price target saying it is the clear market leader in revenue management software in the Life Sciences vertical. MacDonald views Model N's discounted valuation as an attractive buying opportunity ahead the transition of on-premise customers and resulting revenue uplift, up-sell to existing base, and new customer adoption that will drive 15% sustainable revenue growth.
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