- UBS upgrades SVMK (NASDAQ:SVMK) from Neutral to Buy and lifts the target from $18 to $24 after yesterday's earnings report.
- The firm cites valuation and SVMK management's execution against the large TAM opportunity.
- SVMK reported Q2 beats with 20% Y/Y revenue growth with in-line revenue guidance that sees $77-78M for Q3 and $302-306M for FY19.
- Earnings press release.
- SVMK shares are up 11.7% pre-market to $18.44. The company has an Outperform average Sell Side rating.