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Fly News Breaks for February 28, 2020
RP
Feb 28, 2020 | 07:46 EDT
DA Davidson analyst Peter Heckmann upgraded RealPage to Buy from Neutral with a price target of $66, up from $60. The analyst cites the company's solid Q4 results and "constructive" FY20 guidance with expectation of accelerating organic growth to 10%-12% from 9%-10% in FY19. Heckmann adds that his new price target shifts his valuation framework to 2021 and assumes a 20-times expected adj. EBITDA multiple.
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