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Fly News Breaks for July 26, 2019
Jul 26, 2019 | 05:24 EDT
JPMorgan analyst Jackson Ader raised his price target for Pros Holdings to $78 from $55 and keeps an Overweight rating on the shares following last night's Q2 results. Subscription revenue growth re-accelerated to 50.1% as the momentum in the business continues, Ader tells investors in a research note. A term license deal and services project related to cloud implementations produced additional upside in the quarter, adds the analyst. He believes the company taking the outperformance and "plowing it back into the go-to-market motion is a good sign."
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