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Fly News Breaks for February 19, 2020
SSTI
Feb 19, 2020 | 06:17 EDT
JMP Securities analyst Joseph Osha raised his price target on ShotSpotter to $45 and kept his Outperform rating after its Q4 earnings beat FY20 guidance, with 34 new miles added during the quarter seen as a "strong finish" to an otherwise "challenging year". The analyst adds that the 30 new miles contracted for 2020 but not yet deployed is also an "encouraging sign", and he expects the 120 mile per year growth - translated to about 20% compound annual growth rate - to be sustainable.
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