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Fly News Breaks for March 29, 2019
SVMK
Mar 29, 2019 | 06:50 EDT
JPMorgan analyst Mark Murphy raised his price target for SurveyMonkey to $19 from $16 after hosting investor meetings with management. The analyst walked away "incrementally positive" on the company's opportunity set and potential for multi-year growth acceleration. 2019 revenue growth will be 14%-16% per guidance, but it will accelerate in 2020 and again in 2021, Murphy tells investors in a research note. He reaffirms an Overweight rating on SurveyMonkey.
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