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Fly News Breaks for June 17, 2019
PRO
Jun 17, 2019 | 09:25 EDT
Needham analyst Scott Berg raised his price target on Pros Holdings to $70 and kept his Strong Buy rating after meeting with its CFO Stefan Schulz and Director of Investor Relations ShannonTatz. The analyst notes that the discussions affirmed his view on the company's "strong demand trends" as B2B software evolves into a "necessity". Berg adds that the company's business momentum has been strong over the past two years, but sees Pros Holdings' new investments in Customer Success accelerating its upsells while providing "additional upside to productivity."
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