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Fly News Breaks for March 7, 2019
RST
Mar 7, 2019 | 11:34 EDT
Barrington analyst Alexander Paris raised his price target for Rosetta Stone to $27 following the company's better than expected Q4 results and 2019 guidance. Rosetta's transition to a subscription model is now complete and its improving operating metrics will become clearer to investors, Paris tells investors in a post-earnings research note. He points out that the company's sales and revenue growth will return in 2019 after three consecutive down years, with management's guidance calling for double-digit GAAP revenue growth and bookings growth in 2019. The analyst continues to recommend buying Rosetta Stone shares based on the intrinsic value of its parts. He reiterates an Overweight rating on the name.
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