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Fly News Breaks for August 3, 2018
RP
Aug 3, 2018 | 05:11 EDT
JPMorgan analyst Sterling Auty says RealPage remains one of his favorite names following the company's "impressive" Q2 results. The quarter sets RealPage up to deliver upon its fiscal long-range targets for revenue a year ahead of time, Auty tells investors in a research note. Accelerating organic revenue growth combined with recent acquisitions puts the company on target to deliver north of $1B of revenue in 2019, the analyst adds. He reiterates an Overweight rating on RealPage with a $76 price target.
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