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Fly News Breaks for November 7, 2019
RUBI
Nov 7, 2019 | 09:32 EDT
Stephens analyst Kyle Evans said he would be a buyer of Rubicon Project shares following the company's "slight" Q3 revenue miss and guidance for decelerating growth, as he believes the company's revenue quality is improving and that its better than expected margins "hint at the scalability/leverage in the model." He also sees solid long-term potential for its recently launched Demand Manager. Evans keeps an Overweight rating and $12 price target on Rubicon Project shares.
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