Needham & Company Starts PROS Holdings (PRO) at Buy

Needham & Company initiates coverage on PROS Holdings (NYSE: PRO) with a Buy rating and a price target of $27.00.

Analyst Scott Berg commented, "PRO is a leader in Big Data software with a highly differentiated ability to deliver discernible profitability improvements. PRO has experienced demand inflection for its products that enable customers to make informed pricing decisions and improve customer profitability through prescriptive analytics. However, the Cloud winds of change are blowing, which can create undesirable near-term stock performance volatility but which we believe creates a more profitable operating model. We believe the combination of a strong value proposition, immediate product ROI, and solid historical financial performance offers investors a favorable investment opportunity for continued growth in one of the biggest enterprise software movements, Big Data."

For an analyst ratings summary and ratings history on PROS Holdings click here. For more ratings news on PROS Holdings click here.

Shares of PROS Holdings closed at $21.56 yesterday.

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