JMP Securities analyst Joe Goodwin raised the firm’s price target on Model N to $46 from $39 and keeps an Outperform rating on the shares. The company’s Q4 results were "strong" as revenue growth accelerated to 13% from 10% in Q3, the analyst tells investors in a research note. Goodwin adds that Model N continues to execute well, evidenced by another quarter of acceleration in RPO and SaaS ARR growth.
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