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Fly News Breaks for October 25, 2018
PS
Oct 25, 2018 | 05:19 EDT
Pluralsight's sales productivity "has hit an inflection point" and deals are coming in on higher price points, driving "exceptional" business-to-business again in Q3 with billings growth over 50%, JPMorgan analyst Sterling Auty tells investors in a post-earnings research note. He sees the set-up for the December quarter "offering a similar upside opportunity." And with cash flow turning positive, Pluralsight shares "can get a lift even in this rough market," contends Auty. He keeps an Overweight rating on the stock while trimming his price target to $40 from $44.
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