Goldman Sachs analyst Kash Rangan lowered the firm’s price target on SolarWinds to $12.50 from $13.50 and keeps a Sell rating on the shares after its Q2 earnings beat. The company’s continued outperformance, coupled with steady Adjusted EBITDA margin expansion, underscores its management’s operation focus amidst the ongoing business model transition, though the firm would prefer to see a clearer timeline around the maintenance-to-subscription conversion, the analyst tells investors in a research note.
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