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Fly News Breaks for March 5, 2018
PRO
Mar 5, 2018 | 09:13 EDT
Needham analyst Scott Berg raised his price target on PROS to $40, saying that his recent meeting with the company CFO led to greater visibility in the company's business amid its post-Cloud transition phase. The analyst states that the visibility solidifies his positive view of PROS and believes that today is the best time to own the stock ahead of normalized sales execution, leading to accelerating financial optics in the coming years. Berg keeps his Strong Buy rating on PROS, adding that "maintenance migrations" will drive the company's margin leverage in the near term.
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