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SVMK +11.7% on Q2 beats, UBS upgrade

Aug. 02, 2019 7:46 AM ETMomentive Global Inc. (MNTV) StockMNTVBy: Brandy Betz, SA News Editor
  • 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.

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