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Fly News Breaks for March 28, 2019
RP
Mar 28, 2019 | 06:44 EDT
DA Davidson analyst Peter Heckmann initiated RealPage with a Neutral rating and a price target of $60. The analyst believes that the company is "well positioned" to further generate "attractive growth in revenue and earnings" with "solid organic growth, steady margin expansion, and additional accretive acquisitions". Heckmann adds however that its current valuation is toward the high end of its historical range. The analyst expects to become more constructive on RealPage in the event of its stock price pullback.
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