Jefferies Reiterates a 'Buy' on PROS Holdings (PRO); Strong Secular Growth Story

Jefferies reiterates a 'Buy' on PROS Holdings (NYSE: PRO) price target raised from $18 to $21.

Jefferies analyst says, "PRO beat 4Q11, guided 1Q12 slightly ahead at the MP, and provided in-line CY12 rev guidance. We think there is upside risk to the full-year outlook given end CY11 backlog, expanded distribution capacity, and improving market acceptance. We continue to view PRO as a strong secular growth story with potential material OM expansion over time coupled with take-out risk."

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 $17.87 yesterday, with a 52 week range of $10.27-$19.73.

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