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Fly News Breaks for April 12, 2019
PFPT
Apr 12, 2019 | 06:21 EDT
BofA/Merrill analyst Daniel Bartus initiated Proofpoint with a Buy and $155 price target citing attractive valuation and a SaaS secuirty leader. Bartus said is positive on ProofPoin's leadership position in a high-growth market, a $12B+ TAM expansion opportunity with high growth emerging products, and a high, stable recurring revenue model.
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