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Fly News Breaks for August 27, 2019
RP
Aug 27, 2019 | 18:14 EDT
Keefe Bruyette analyst Ryan Tomasello is positive on RealPage shares, telling investors in a research note that after underperforming peers by 20%-25% this year, the stock offers compelling "growth at a discount". The analyst notes that "temporary implementation delays" have weighed on investor sentiment, but the valuation discount relative to peers of up to 30% is unwarranted. Tomasello keeps his Outperform rating and a $74 price target on RealPage, citing the company's "robust" bookings growth and growing tailwinds in real estate technology.
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