DA Davidson analyst Rishi Jaluria raised his price target on ProsHoldings (PRO) to $31 following its user conference and investor session. The analyst cites the company's disclosed partnership with SAP Hybris (SAP) on joint projects in airline solutions and its "solid" expansion outside of travel. While Jaluria anticipates incremental benefits from the partnership, he keeps his Neutral rating due to valuation and worries about ProsHoldings' cash burn.
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