Deutsche Bank Positive on PROS Holdings (PRO)

Deutsche Bank reiterated a Buy rating on PROS Holdings (NYSE: PRO) and raised its price target to $22.00 (from $18.00).

Following up on PROS' quarterly earnings report, analyst Tom Ernst Jr said "We see continued good execution headed into 4Q and FY13, as the company increases its market awareness and expands distribution capacity."

Ernst pointed out that PRO described its pipeline as roughly twice the size of last year's, and with awareness growing he sees PRO expanding its reach beyond direct sales efforts.

For an analyst ratings summary and ratings history on PROS Holdings click here. For more ratings news on PROS Holdings click here.

Shares of PROS Holdings closed at $18.99 yesterday.

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