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Fly News Breaks for June 10, 2019
SVMK
Jun 10, 2019 | 07:22 EDT
SunTrust analyst Youssef Squali raised his price target on SurveyMonkey to $22 and kept his Buy rating, saying the company is largely insulated from trade tensions as well as any macro and regulation headwinds, generating improving revenue growth with improved margin prospects. The analyst notes that the presentations at the recently acquired Usabilla's Customer Experience Forum last week "crystallized" the rationale behind the deal. Squali also maintains his positive thesis on SurveyMoney shares based on its "easy-to-use software and disruptive pricing" amid the continued need among enterprises to "better understand and respond to feedback."
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