Baird analyst Joe Vruwink downgraded Model N to Neutral from Outperform with a $30 price target after the company announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners for $30 per share in an all-cash transaction valued at approximately $1.25B.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MODN:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue