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Fly News Breaks for July 26, 2018
STMP
Jul 26, 2018 | 08:13 EDT
Roth Capital analyst Darren Aftahi raised his price target for Stamps.com to $305 from $255 as he expects slightly above consensus results when the company reports Q2 results. His SHOP customer checks suggest 200bps improvement in Shipping penetration along with healthy merchant underlying business growth. This serves as one positive data point that gives the analyst comfort in his above consensus estimate. Aftahi reiterates a Buy rating on the shares.
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